If you are underwhelmed by the accounting and regulatory hocus-pocus enabling public sector plans to hide the the true scope of their funding challenges with aggressive discount rates, you will be even more disappointed, but I venture not surprised, to discover that things are even murkier in the poorly covered world of Taft-Hartley (or multi-employer) [...]
I read the latest report by the Center for Retirement Research (Boston College), titled ‘The Funding of State and Local Pensions: 2011-2015′, with interest. CRR always produces a useful analysis of the current state of (under) funding covering approximately 90% of the assets in U.S. state administered plans and 30% of those plans [...]
With apologies for the extended blogging hiatus. I became a father to a beautiful baby girl in January and was recently married in Sydney, Australia. Both life-changing and exhilarating events that have taken all my energy and attention!
Back to reality this week. I’ll take a look at the recent CRR report on the funding [...]
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