Pension Actuarial Topics
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Generous Pensions Give New Meaning To 'If It's Too Good To Be True' - Forbes

Generous Pensions Give New Meaning To 'If It's Too Good To Be True' - Forbes | Pension Actuarial Topics | Scoop.it
Generous Pensions Give New Meaning To 'If It's Too Good To Be True'
Forbes
If something is too good to be true, it probably is. That old saw applies to the generous pension that states and cities routinely promise.
Adrien LaBombarde's insight:

That, or too true to be good.

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Pension fund faces shortfall: El Paso police, firefighters seek more money from city

Pension fund faces shortfall: El Paso police, firefighters seek more money from city | Pension Actuarial Topics | Scoop.it
More than five years after receiving a $210 million bailout from the city, the El Paso Firemen and Policemens Pension Fund has asked for more public money to solve a $270 million funding shortfall.
Adrien LaBombarde's insight:

Not a unique position for Texas police and fire pension funds.

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US public pension investments jump, costs surge too - Reuters

US public pension investments jump, costs surge too - Reuters | Pension Actuarial Topics | Scoop.it
US public pension investments jump, costs surge too
Reuters
WASHINGTON (Reuters) - Asset values at U.S. public pension funds rose 8.4 percent in the latest fiscal year to the highest level in more than 40 years, but their costs also rose, the U.S.
Adrien LaBombarde's insight:

Not only do cost trends that depend on asset results lag investment results, but costs can be far more heavily dependent on discount rates and on other liability-related factors than can be offset by good markets.

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