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Pensions at the Supreme Court: Church Plans  

by meep

This is mostly going to be a round up of stories, but a pension-related case made it to the Supreme Court on Monday.

This surrounds “church plans”, but specifically DB pension plans started by various healthcare entities owned/operated by various churches. Church plans are exempt from ERISA, the pension-related...

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Public Pension Quick Takes: California, Oregon POBs, and the Meaning of Liability Value  

by meep

Let’s get this out before the lunch hour is over!

CALIFORNIA CUTS

In yesterday’s post, I talked about pensions getting cut in Loyalton, California.

Here’s a bit in the New York Times:

Public pensions are supposed to be bulletproof, because cities — unlike companies — seldom go bankrupt, and states...

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Pension Quick-Takes: Chicago, Houston, Chile, and More  

by meep

I’ve been having an action-packed week. (To give you an idea of how edge I am, check out my rant about the mention of a spoon in a novel.)

Okay, maybe not, but I’m tired.

So here’s some quick nuggets on pensions!

CHICAGO

You thought the tax stuff was over? Nope,

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Public Pensions Issues: Volatility Kills  

by meep

There are a few big issues feeding into public pension underfundedness. Obviously, many plans aren’t contributing the amounts their own actuaries calculate they are supposed to. There are issues with what’s going on with the benefits.

But for now, let’s focus on the asset side.

This is going to be long on...

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Public Pension Musical Interlude   

by meep

It’s Friday, so it’s a perfect time to let you know about my new project.

I’m working on a new musical, called Pension, and I’ve got a great showstopper in mind:

The fund will be paid

Tomorrow

Bet your new tax dollars that

Tomorrow

There’ll be pensions

Just thinkin’ about tomorrow

and the...

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It's FRIDAY FRIDAY FRIDAY: Twitter Edition!  

by meep

I’m tired. It’s been a long week for me. So I’m gonna quote some tweets.

First, thanks to my referrers:

• Wirepoints
• Pension Tsunami
• The Other McCain

And thanks to everybody who has bought from Amazon through my ‘store’ [2019: It got discontinued] – I got $28 this year so far and...

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Pensions Weekend Wrap-Up: Chicago, the Actuaries, and New Jersey   

by meep

First off, thanks to my linkers!

• Wirepoints
• Pension Tsunami
• The Other McCain

Please keep linking to me! I love it!

CHICAGO: TAX ALL THE THINGS

Sometimes you want to kick that can, and the issue is that, at this point, the can has gotten so big and heavy,...

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Ohio Public Pensions: Point, Counterpoint, and Meeppoint  

by meep

(it’s a new word)

I’m getting together some more posts on Chicago, Illinois, and California pensions, but there are so many sources to get together on those, let me do something quick and dirty.

Ohio!

[note: I am not claiming Ohio is either quick or dirty. I haven’t been there in years. I...

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Tales of Pension Fraud: Hidden Deaths and Elder Abuse  

by meep

Something fun for Friday! (was supposed to be last Friday, but I had a happier post that pre-empted this one.)

FOR SALE: ONE REFRIGERATOR…HIDDEN BONUS INSIDE

Not all pension fraud tales will be of faked disabilities and spiking those final salaries or pension...

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Public Pension Quick-Takes: Everybody-but-Illinois Update  

by meep

We’ve had a bit much of Illinois and Chicago lately. There’s plenty more pension shenanigans than that!

DETROIT: PENSIONS MAY COST MORE

Who’d‘ve thunk it?

Detroit picks firm to help fix $195M pension shortfall

Detroit is closer to figuring out how to address a hole in pension funding...

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