by meep
Okay, let me step back from Illinois for a moment. There’s a bunch of public pension and finance fires going on right now, and I’m kicking this off with Kentucky.
As it’s pretty much in the worst place.
KENTUCKY PENSIONS IN A NUTSHELL
I’ve covered the awful condition of Kentucky...
by meep
I got several emails over my recent post on the never-fully-funders advocates with respect to public pensions.
I am going to address a few below.
WHAT IS FULL FUNDING?
I got the following question via email:
What exactly IS “100% funding”? Does it mean that the funding is...
by meep
I thought once might be a coincidence. But, unlike Auric Goldfinger, I will jump to conclusions of adverse intent with a sample of two: I have a new category for the 80% Hall of Shame, and it’s those who say public pensions never have to be fully-funded.
Hell,...
by meep
Jack Dean pointed me to this piece at ftalphaville, and I think there are good and bad things both in here.
Let me start with the part I totally agree with (and the part they end the piece with): pension liabilities are undervalued for public plans.
Bad accounting rules also hamper...
by meep
In yesterday’s post, I looked at the press release from a public pensions advocacy group.
One key point was this quote from the paper the press release pointed to:
Pension funds are resilient and well managed. They have stood the test of time for more than 100 years through...
by meep
NCPERS, an advocacy group for public pensions, says that properly-run public pensions are super-awesome. I (and others) are skeptical as to what they consider "properly-run".by meep
I’ve not really dug into SB 1 much myself, primarily because:
- the soda tax is so much more “entertaining”
- I’ve been working on multiple things this week, including a press release on Gulag historian Yuri Dmitriev that you can see here.
- and for the people who have...
by meep
To close out asset week, here are my leftovers from last week’s posts. There’s not a single theme here, other than perhaps governance of pension funds.
CONGRATS TO TED SIEDLE
Siedle, Raimondo Critic, to be Awarded $48M in SEC Record Whistleblower Case
GoLocal has learned that Ted Siedle,...
by meep
This is the public pension asset trend that annoys me the most.
In yesterday’s post, I considered shareholder activism by public pension fund managers and trustees, but the divestment push tends not to be coming from those with fiduciary duty.
Often, it’s politicians in legislatures (who can pass idiotic laws to...
by meep
…and more importantly, the politicians who want to play with pension assets.
GOODY GOODY FUNDS SHOULD EXPECT TO YIELD LESS
So here is somebody who advocates for ESG (that’s Environment/Social/Governance) investing, arguing that one should expect these social-justice-warring funds should actually not yield...
meepbobeep