by meep
Well, this certainly is interesting. And yes, I put on my own slant.
Let’s go to the boring industry publication for the basic story:
CalPERS President Loses Her Board Seat
The president of the California Public Employees’ Retirement System (CalPERS) board has been unseated by a Southern California police officer who ran...
by meep
Quick recap:
In May, the CFO at Calpers, the largest non-federal public pension fund in the U.S., resigned due to him fabricating items on his resume.
In August, Yves Smith (aka Susan Webber) at Naked Capitalism pointed something iffy out in the CEO’s resume.
In the last one, I...
by meep
(sorry (not sorry), I always go for the alliteration).
I last looked at Russian revolts over changing retirement age on August 6.
Let’s see what has happened since then.
ELECTORAL RESULTS: PISSED OFF VOTERS
Russia. Kremlin loses regional votes amid anger over pension reform
Russia’s ruling party suffered...
by meep
A month ago, I talked about the Chicago Teachers Pension Fund divesting from private prison-related investments. At the time, I mentioned a report, but it said it was part one of two… and I was waiting to see if a second part came out. I don’t see it,...
by meep
Well, well, well.
You didn’t think the divestment winds would blow only one way, did you?
Bloomberg: As Nike Boycott Gets Underway, Next Battleground May Be Pensions
:
Calls to boycott Nike Inc. products are already making the rounds, now that it’s using quarterback Colin Kaepernick in new ads. Will...
by meep
So, some people are huffy about this:
Bevin invokes Wimpy’s hamburger line in pension reform lawsuit
FRANKFORT, Ky. — At the outset of his 100-page brief asking the Kentucky Supreme Court to overturn a lower court ruling that struck down the new pension law, Gov. Matt Bevin quotes the signature...
by meep
Yeah, I’ve been a bit poky lately. You can read this, if you want an idea. Basically, I spent the weekend lying down and chilling as much as I could.
Memory Monday is on hiatus for now, partly because the newspaper website I use is down. I emailed the folks...
by meep
This is going to be extremely actuarial, and not involving animated gifs. You have been warned.
There are a couple different exposure drafts out now for Actuarial Standards of Practice, which apply to credentialed actuaries in the U.S. I’m going to concentrate on one.
Actuarial Standard of Practice 4 has...
by meep
I’m a little off my schedule – been a bit green around my gills. I will look at doubling up my Memory Monday next week, so we can catch up with the state of public finances around the world.
Specifically, Venezuela and Russia.
VENEZUELA SHOWS WHAT HAPPENS
by meep
This post is in memory of actuary Jeremy Gold, who died earlier this month.
Not many actuaries receive obituaries in both the Wall Street Journal and the New York Times.
WSJ – Jeremy Gold Shook Up Pension World With Warnings About Risks
The brusque actuary said funds underestimated liabilities
In the sedate...
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