Bad News: Pensions Are Only 62% Funded Good News: That's Quite an Improvement
- Unions Attack Illinois Pension Case Arguments. Shields, Yvette // Bond Buyer;3/4/2015, p1
Unions have weighed in with their brief as the Illinois Supreme Court prepares to hear oral arguments March 11 in the state's appeal of a lower court ruling voiding the legislative package that cut benefits for four of the state's five pension funds.
- Massive Liabilities Plus Politkal Paralysis Leave Plenty of Work to Be Done. Saskal, Rich // Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p72
The article provides an overview of the fiscal condition of California. According to the author, California is facing liabilities associated to the retirement system for its state and local government workforce. The California Public Employees' Retirement System was underfunded by $24.7 billion...
- Tying down the interest rates used in pension plans and other postretirement benefits. Knoblett, James A. // Atlantic Economic Journal;Mar1991, Vol. 19 Issue 1, p69
Presents an abstract of a paper entitled `Tying Down the Interest Rates Used in Pension Plans and Other Postretirement Benefits,' by James A. Knoblett.
- Sesame updating its pension shortfall tool. Shaw, Sam // Money Marketing;2/9/2006, p18
The article reports that Sesame has enhanced its pension shortfall calculator known as Pencalc in readiness for A-day. The purpose of upgrading its tool is to allow its advisers to plan different retirement scenarios with their clients through allowing them to factor in changes to the retirement...
- A Mess of Committees. // Time;
The article reports on the fiscal issue in 1962 in Illinois which was challenging Governor Otto Kerner. The fiscal issue was expected to result in a deficit of 168 million dollars in July 1962 if remained unresolved by the state government. To resolve the issue, Kerner ordered a pay freeze, but...
- Illinois Delaying Budget Release. Shields, Yvette // Bond Buyer;2/5/2014, Vol. 123 Issue 34055, p1
The article informs that Illinois Governor Pat Quinn is planning of to release of his fiscal 2015 budget March 26, 2014 that was scheduled February 19, 2014. It informs that Illinois Commission on Government Forecasting and Accountability warned of a nearly 1.6 billion U.S. dollar drop in...
- Illinois. // Bond Buyer;02/14/2000, Vol. 331 Issue 30828, p28S
Focuses on the economic conditions of Illinois. Ability to finance public works program; Efforts to lift a requirement to sell general obligation bonds competitively; Assistance to companies and schools through bond issues or loans; Data on total debt per capita; Comparison of employment growth...
- GFOA Supports Proposals to Make OPEB Reporting Like Pension Reporting. Jagoda, Naomi // Investment Management Mandate Pipeline;11/10/2014, p1
Government Finance Officers Association officials said recently that it makes sense that draft standards on other post-employment benefit financial reporting are similar to ones in effect for pension reporting.Ãƒ1/4
- Lufthansa Group pension deficit reaches â‚¬10.2bn. Crawford, Robert // Employee Benefits;5/8/2015, p1
The article offers information regarding the increase of liabilities of Lufthansa Group's defined benefit (DB) pension scheme by 41 percent. According to the group's first quarter earnings report, the deficit reached 10.2 billion euros (7.4 billion pounds) at 31 March 2014. The airline has said...