Panelists: Pension Obligations Put Pressure on Governments

O'Brien, Elizabeth
November 2004
Bond Buyer;11/30/2004, Vol. 350 Issue 32019, p1
Trade Publication
The article reports on pressure of pension obligations on governments in the U.S. Pension plans suffered in fiscal years 2001, 2002,and 2003 have forced increased contributions from employers, which have put escalating pressure on government budgets nationwide, according to panelists at this newspaper. Panelists pension obligation bonds are a risky tool, and state and local governments must carefully weigh the credit implications and market conditions before taking such a step. Market timing is critical to such a consideration.


Related Articles

  • Govt super policy: what about tax? Taylor, Mike // Super Review;Mar2004, Vol. 17 Issue 2, p10 

    The article criticizes the Government superannuation policy and emphasizes the need to cut the contribution tax. The"Retirement Income System" policy announced by the Federal Government in the February month was addressing the broader issue of Australia's ageing populations rather than...

  • Save the retirement systems now.  // Caribbean Business;10/26/2006, Vol. 34 Issue 42, p26 

    The article reflects on the problems in the government retirement systems in Puerto Rico and its effects on the lives of the retirees and their families. The author comments that the statistical deficits in the retirements systems experienced in the country would mean an additional payment for...

  • Tories revise pensions.  // People Management;03/20/97, Vol. 3 Issue 6, p12 

    Reports the pledge to phase out the basic state pension and replace it with private pensions proposed by the Conservative party in Great Britain. Information on basic pension and top-up fund of employees; Test of basic pension plus; Basis of pension scheme.

  • Japan deregulation nears. Price, Margaret // Pensions & Investments;2/5/96, Vol. 24 Issue 3, p2 

    Reports that the two Japanese ministries that oversee Japanese pension funds are negotiating an easing of restrictions on how pension assets are managed. Move as setting the stage for the complete deregulation of Japanese funds; Key proposals.

  • Hungary at work on reforms. Agovino, Theresa // Pensions & Investments;8/19/1996, Vol. 24 Issue 17, p14 

    Reports that a special task force formed in summer of 1996 to overhaul Hungary's ailing state pension system has started to fill in the details of its reorganization plan. Adoption of a three-tier system; Diversion of a portion of the state social security payroll tax into newly created defined...

  • U.K. pension proposals expected this summer. Ladbury, Adrian // Business Insurance;5/9/94, Vol. 28 Issue 19, p17 

    Reports on the British government's expected introduction of a proposed regulatory system for employer-sponsored pension plans. Employer plan managers' concerns over the proposals; Government's commissioning of the Pension Law Review Committee to create a blueprint for the regulatory system...

  • Technical corrections measure would simplify pension rules. Geisel, Jerry // Business Insurance;5/23/94, Vol. 28 Issue 21, p2 

    Reports on approval by the House of Representatives of a technical corrections bill for pension plan administration. Adoption of vesting schedules for single employer plans; Facilitation of non-discrimination testing procedures; Impact on foreign corporations.

  • Florida board takes advantage of broader authority. Philip, Christine // Pensions & Investments;7/26/1993, Vol. 21 Issue 15, p8 

    Reports on guidelines adopted by the Florida State Board of Administration which administers the Florida Retirement System. Legislative authority to broaden investment categories; Domestic equity target; Policy on international equities.

  • Social investing policy upheld. Williams, Terry // Pensions & Investments;7/26/1993, Vol. 21 Issue 15, p8 

    Reports on a California Superior Court judge's denial of a request for preliminary injunction on the Los Angeles Fire and Police Pension System's manager policy. Socially motivated investments; Risk of financial loss to the system.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics