TITLE

State's pension funding tabbed as worst in the nation

AUTHOR(S)
McKinney, Maureen Foertsch
PUB. DATE
April 2010
SOURCE
Illinois Issues;Apr2010, Vol. 36 Issue 4, p10
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents the report from the Pew Center on the States on the pension funding in Illinois. The report says that the state's pension funding is the worst throughout the country. It notes that only 54 percent of the state's pension liability is funded and below the 80 percent benchmark set by the U.S. Government Accountability Office. The report suggests that the pension funding of the is an example of poor financial decision-making.
ACCESSION #
50447551

 

Related Articles

  • Governance Practices and Long-term Investment Strategies Have Evolved Gradually as Plans Take On Increased Investment Risk. Bovbjerg, Barbara D. // GAO Reports;9/20/2010, preceding p1 

    The article offers information on the study conducted by U.S. Government Accountability Office on the state and local pension plans. The study examines on who makes the investment decisions, and what are their decision making guides, how the plans allocate their assets and it manages their...

  • Pension Plans Healthier Than Six Months Ago.  // Investment Management Weekly;7/10/2006, Vol. 19 Issue 27, p1 

    The article highlights the improvement in the performance of pension plans in the U.S. despite setbacks in the previous months. According to Mellon Financial Corp., the average pension plan is doing better with an increase in funding status of 9%, liabilities falling to 6.5% and assets improving...

  • Developments in trusteed pension funds. De Leon, Jacobo // Bank of Canada Review;Winter95/96, p23 

    Focuses on trusteed pension funds in Canada. Retirement income system in Canada; Growth of trusteed pension funds; Regulatory developments; Investment strategy and asset mix; Pension funds, the economy and capital markets.

  • Pension Funding Ratios Rise. Glazier, Kyle // Bondbuyer.com;6/23/2015, p22 

    The article reports on the study from Boston College's Center for Retirement Research (CRR) in Massachusetts which reveals the increase in the traditional funded ratios of state and local pension plans.

  • Illinois' largest pension funds. Fenrick, Katrina; Pospichal, Marie // Crain's Chicago Business;3/15/2004, Vol. 27 Issue 11, p19 

    This article presents statistics related to the financial performance of pension trusts in Chicago, Illinois. Overfunded pension trusts estimates indicate that the fund has more than enough set aside to cover future costs. Twenty-three of the pension funds on the list reported funding ratios....

  • S&P 1500 Pension Funding Levels Continue Rallying. McGuinness, Kevin // Plan Sponsor News;2013, p121 

    No abstract available.

  • Canadian plans stung by strong loonie. Lee, Angela Marion // Pensions & Investments;10/29/2007, Vol. 35 Issue 22, p23 

    The article presents information on the financial health of Canadian pension plans. According to the most recent Mercer Pension Health Index the plans stumbled in the third quarter and is still up 3% for the year, mainly because long-term interest rates are holding steady at higher levels than...

  • Pensionsvermögen 2012 gestärkt.  // Die Bank;jun2013, Issue 6, p42 

    The article discusses the development of capital reserves of pension funds of German corporations listed on the DAX stock market index.

  • SUPER BATTLE AHEAD. BAILEY, MICHAEL // BRW;11/28/2013, Vol. 35 Issue 45, p77 

    The article discusses the political battle between the self-managed superannuation fund sector and the government in Australia and the regulations toward SMSF implemented by the Australian Tax Office and the Australian Securities and Investments Commission.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

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

Try another library?
Sign out of this library

Other Topics