Newsmakers
Providence Voters Approve of $515 Million in Pension Obligation Bonds
The risky move has the potential to either help the pension crawl out of debt or make a bad situation worse.
Tag: unfunded liabilities
Newsmakers
Providence Pension Mulls Issuing $515 Million in Bonds, Following POB Trend
But bonds don’t always outperform stocks over the long run, according to one expert.
Newsmakers
Michigan House Considers $1.5 Billion in Grants for Local Pensions
The bill is targeted at underfunded pensions throughout the state.
Unfunded Liabilities: How Three Public Pensions Found Themselves in Crisis
And how they are clawing their way out.
Newsmakers
Risk Aversion Strategy Causes Colorado Pension to Lose Out on Millions
Lawmakers required the fund to keep cash in a low-interest bank account to avoid risk.
Risk
Record Returns Not Enough to Ensure Public Pension Stability
Exceeding 6% returns over the next decade will likely require excess risk or consistently performing well above average.
Pensions
Study Suggests There Is No Imminent Public Pension Crisis
Reforms enacted by many plans will cause benefit cash flows to decline significantly, paper finds.
Coronavirus - COVID-19
State Pensions Entered Pandemic in Worse Position than in 2008
Report finds ‘overly optimistic’ assumed returns are more than 2 percentage points higher than they should be.
Asset Management Culture
Arizona State Pension Is Headed for ‘Complete Desperation,’ Research Group Warns
Pension’s unfunded liabilities making it difficult to hire, retain teachers.
Risk
Kentucky Makes Changes to Free Pension from Funding ‘Death Spiral’
Proposed liability-based model would protect employers from contribution rate increases.
News
Illinois’ Unfunded Pension Liabilities $500 Million More Than Expected
The state retirement system’s unfunded liabilities rise to $137.3 billion.