Public Pensions Category
Public Pensions: Why It's Important to Keep Watching
by meep
Something popped up on Timehop this morning that reminded me of something I posted three years ago.
Public Pensions: Why Keeping a Watch is Important:
While some pension plans are being sunk by hideous skulduggery, for the most part it is not intentional ill-will or underhanded dealing that has caused...
Pennsylvania Pensions: Liability Trends
by meep
I check out how Pennsylvania pensions have been growing on the liability side.Pennsylvania Pension Trends: Assets
by meep
As mentioned recently, Pennsylvania passed a ho-hum “reform” lately, so let’s see just how bad Pennsylvania pensions look.
If you go to the Public Plans Database page for Pennsylvania, there are four plans listed:
As you can see, info for the fourth one is incomplete, and the third is...
Pennsylvania Pensions: Nibbling at the Edges
by meep
So the Pennsylvania legislature and governor passed some sort of pension “reform” recently.
Let’s do a round up!
LINK DUMP
First, the news coverage:
- 5 June 2017: Senate passes transformative pension reform plan
- 8 June 2017: ‘Historic’ pension reform passes Pa. state house, heads to governor’s desk
–...
More Hartford Woes: Too Many Property-Tax-Exempt Government Properties
by meep
Well, now that the incipient bankruptcy of Hartford is on the radar, what with Aetna moving its HQ, and other issues, all of a sudden it’s getting wider play.
For example, here’s a a piece from the WSJ. Let’s just look at the headline & subhed:
Hartford’s Finances Spotlight...
Kentucky Pensions Even Closer to the Brink: New Assumptions, New Report
by meep
In yesterday’s post, I ran one of Kentucky’s large pensions through the ringer. The info I had was Kentucky’s pension plan being at 22% funded.
But that was using fiscal year 2015 numbers.
There are new numbers, and it’s so much worse.
REPORT: WHY KENTUCKY PENSION...
Geeking Out: Testing Kentucky ERS to Death
by meep
I check out how Kentucky ERS runs out of money, and it's about as bad as Chicago MEABF.Houston and Dallas Pension Bills Signed: Now What?
by meep
It has been a time of deadlines (including my own at work), so a bunch of things hit at once.
So let’s hit it!
TEXAS GOVERNOR SIGNS BILLS
Both Dallas and Houston have police&fire pension troubles. The reasons for these troubles differ a little (and have different magnitudes), but...
Priorities for Pension Funds: Climate Change or Solvency?
by meep
It doesn’t have to be exclusive, to be sure.
But.
When I saw this:
W/out #ClimateChange reporting
SouthernCompany</a>, we’re investing blind. Investors: vote FOR proposal #6 tmrw. <a href="https://twitter.com/hashtag/EngageForChange?src=hash">#EngageForChange</a> <a href="https://twitter.com/hashtag/CorpGov?src=hash">#CorpGov</a></p>— CalPERS (CalPERS) May 23, 2017
This is just idiotic. This is far...
Not Even a Petite Bargain in Illinois Budget Wrangling
by meep
The deadline clock is ticking in the Illinois Legislature, but they’re about as serious as they ever are. I checked in about a month ago, and there had last been something signed in June 2016.
The deadline is supposedly May 31. We’ll see.
DEMOCRATS GO IT ALONE
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22, Jul 2017
Tweets
meepbobeep
- @RLSandack Well... a lot of plans were over 100% in 2000. That was no particular protection Jul 22, 07:55 PM
- @RLSandack 92%! Holy crap, y'all are doing so much better than most MEPs! (and I have the stats to show it) How'd you do it? Jul 22, 04:29 PM
- @WirePoints @Drury4IL ...and they forget that the state constitution doesn't make money magically appear Jul 22, 04:29 PM
- @WirePoints @Drury4IL I agree. I'm sure most participants think that they'll get full-promised benefits no matter w… t.co/9gUFJ0qSkt Jul 22, 04:28 PM
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