Sentences with phrase «employee pension crisis»

Not exact matches

The reality of the pension crisis was underlined again last week when the board of the largest $ 330 + billion US public pension plan, California Public Employees Retirement System (CalLPERS), voted to shorten its period for amortizing future investment losses from 30 years to 20 years.

The size of Illinois» pension crisis requires even bolder pension reform that includes 401 (k)- style plans for public employees.

With the potential scandal evidently out of the way, perhaps the candidates will now focus on other differences between them: what effect, if any, the comptroller can have in navigating the state through this fiscal crisis and how to manage the huge state employee pension fund.

Nearly all state pension plans failed to meet their target rates of return in the years following the financial crisis, which has necessitated sharp increases in contributions from employers and employees.

While federal and provincial leaders debate how to solve the pension crisis during meetings in Whitehorse this week, an interesting proposal has been suggested by the head of Ontario's municipal workers pension plan: let anyone join a government employee pension plan.

Public pension crisis: States across the country face structural budget deficits as a result of too - generous pension promises made to their employees.

A state in crisis can't meet its pension obligations, and so breaks promises made to teachers and state employees decades ago.