by meep
I will be getting back to posting pieces of the paper I co-wrote on transitioning current public pensions over to risk-sharing plans.
But I want to respond directly to some of the usual arguments being given against changing the status quo on public pensions.
I’m using a NASRA presentation by...
by meep
As noted in my prior post, I am walking through aspects of the paper co-written with W. Gordon Hamlin, Jr. As I am not a lawyer, I’m not going to talk much about the legal aspects, though that is the key new idea in the paper itself.
Section 3 of...
by meep
I post a paper I co-wrote with lawyer W. Gordon Hamlin, Jr.by meep
Via John Bury, I found out the Office of the Actuary of New York City is making a documentary about their chief actuaries (that’s fairly benign), but they’ve been highlighting Jonathan Schwartz (chief actuary of NYC, 1974-1986) in a few tweets.
Before I get to the tweets, let me...
by meep
I have a bunch of “ESG” (aka environmental, social, and governance focus on investments) stories. I will be addressing some of these this week, but I’m going to start with the oldest stuff first. I will have my usual Taxing Tuesday tomorrow (special election edition!) and then I’ll...
by meep
You would think this would be straightforward.
The funds should be managed for the benefit of the pension plan participants, right?
And yet…..
ARGUMENT THAT FIDUCIARY DUTY OWED TO TAXPAYERS
So a lawyer wrote a paper making the argument that public pension funds should be managed with the...
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,...
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