Public pension crisis: States across the country face structural budget deficits as a result of too - generous pension promises made to their employees.
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
public pension plan, California
Public Employees Retirement System (CalLPERS), voted to shorten its period for amortizing future investment losses from 30 years to 20
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.
Riding the roar from the Labour benches, he ploughed on, criticising Miliband's stance on the Greek
crisis and on
public sector
pensions.
«This coming year is going to be one of the most challenging years for the trade union movement - and
public sector trade unions in particular - as the coalition government seeks to make the
public sector and its workforce pay for the
crisis, through cuts to jobs, services, pay and
pensions.
And unlike a
public sector
pension plan, which is protected by the state constitution and whose benefits can't be diminished even in an economic
crisis, the retirement savings plan the city is proposing would be very much subject to the vagaries of the market.
Public sector
pensions are unaffordable, we have no money, but as long as «WE» keep borrowing and spending, then Brown can say «HE» has done a good job of pulling us through the
crisis which «HE» started.
At the most extreme the Liberal Democrats want to close all the
public pension schemes to new entrants, which would push them into a protracted
crisis, reducing income without decreasing liability.
In early 2016, spurred by a seemingly perpetual bankruptcy
crisis at Detroit
Public Schools (DPS)-- by this point, counting unfunded pension liabilities, the district was almost $ 1.7 billion in the red — the state senate narrowly passed a bill that would bail out the district and split it into two separate entities: the old DPS, which would exist to collect taxes and pay down debt, and a proposed new Detroit Education Commission (DEC) to oversee schooling in the city, including regulating the openings and closings of traditional public schools and charter sc
Public Schools (DPS)-- by this point, counting unfunded
pension liabilities, the district was almost $ 1.7 billion in the red — the state senate narrowly passed a bill that would bail out the district and split it into two separate entities: the old DPS, which would exist to collect taxes and pay down debt, and a proposed new Detroit Education Commission (DEC) to oversee schooling in the city, including regulating the openings and closings of traditional
public schools and charter sc
public schools and charter schools.
Clearly, at least some people have been concerned about the pragmatism of
public pensions for decades before our current
crisis.
Teacher
pension plans are already in bed with Wall Street; the «retirement security
crisis» narrative ignores data showing that elderly Americans are doing better and better; today's defined benefit
pension plans just don't work that well for most teachers; and the costs of today's
pension plans are enormous and are affecting schools and other
public services.
One of your colleagues Marty Lueken, who is an expert on the
public sector
pension crisis made a comment.
«No Money in the Bank» does more than layout the many dimensions of the
public sector
pension crisis in crisp, highly readable prose, though it does that very well indeed.
Senger's outside work is as an investment consultant, so her support for destroying
public worker defined benefit
pension plans and replacing them with the «Wall Street Casino» of investment «choice» was a major question — then and now — as the Civic Committee and the Civic Federation pushed the idea that the only solution to the «
pension crisis» created by Illinois and Chicago politicians was to destroy the retirement of
public workers, either now or in the future.
The
crisis was the subject of heated parliamentary debate last week, with Teresa May's government struggling on multiple fronts to defend the idea of
public services contracting, launch a convincing investigation of what happened, take credible steps to deal with what is widely seen as compensation - gouging by the company's directors, the perception of sweetheart contracts extended to a struggling company, continuing doubtsabout official and company conflicts of interest, and about the impact of still - undetermined huge taxpayer losses — not least over underfunded
pensions that have now come onto its books.
And, like subprime mortgages before the financial
crisis, many subprime auto loans are bundled into complex bonds and sold as securities by banks to insurance companies, mutual funds and
public pension funds — a process that creates ever - greater demand for loans.