Sentences with phrase «public pension underfunding»

A colleague of mine who works at a pension fund did a study last year in which he concluded that, because of the extreme degree of public pension underfunding, a 10 % decline in the stock market for a sustained period — i.e. more than 3 or 4 months — would cause every single public pension fund to blow up.

Not exact matches

Even worse, the cost of carrying these well organized groups is very much understated: nearly all the public - sector pension plans are underfunded by hundreds of billions of dollars and taxpayers are on the hook for the difference.

Despite healthy gains from the ongoing stock market rally, public pension funds are still badly underfunded and the shortfall continues to widen.

Many public pensions are significantly underfunded and their funding problems have been exacerbated by the recent economic downturn.

The public awareness of the degree to which State pension funds are underfunded has risen considerably over the past year.

He concluded that, based on the current stated amount of underfunding at every big pension fund, if the Dow / SPX declined 10 % or more over a sustained period of time — where «sustained period» is defined as 3 - 4 month — every public pension fund in the country would collapse.

These large Rust - Belt metropolitan areas are collapsing under the weight massive budget deficits and catastrophically underfunded public employee pension funds.

Every public pension fund in the country is catastrophically underfunded, especially if strict mark - to - market of the illiquid assets were applied.

According to the Center for Retirement Research at Boston Collage, US public pension funds at the state and local level are also underfunded by an average of 67.9 %.

Using real - world rates of return, public pensions are currently underfunded by at least $ 5.2 trillion.

And make no mistake, if you are covered by a large institutionalized pension fund, public or private, your fund is equally as underfunded — it just has not yet been affected but it will be sooner or later.

ALBANY — New York state's public pension funds are underfunded by a staggering $ 120 billion — and taxpayers will have to shell out an additional $ 8.5 billion a year by 2015 to keep them in the black, according to a report released yesterday.

Among the findings: States will face continued pressure due to skyrocketing Medicaid costs, underfunded pensions for retired public employees and volatile tax revenues, as well as reduced federal funding.

Second, the continued operation of the system is likely to expose the soft - underbelly of modern public finance — the underfunded pension plans crying out for reforms that union leaders, along with other public employees, resist.

CHICAGO, Dec 5 (Reuters)- Illinois Governor Pat Quinn signed into law on Thursday landmark reforms to the state's woefully underfunded public pension system, prompting unions to begin preparing court action to challenge the law.

Pervasive underfunding of public pension plans has raised concern regarding the efficacy of traditional pension plan structure and design.

TPS and LGPS Pensions are viewed as a benefit but, at the end of the day, someone has to pay for them and the pensions in education — and all the public sector — are so much better than in the private sector; the figures just do not add up and both pension schemes have been underfunded foPensions are viewed as a benefit but, at the end of the day, someone has to pay for them and the pensions in education — and all the public sector — are so much better than in the private sector; the figures just do not add up and both pension schemes have been underfunded fopensions in education — and all the public sector — are so much better than in the private sector; the figures just do not add up and both pension schemes have been underfunded for years.

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.

US state pensions remain woefully underfunded in aggregate (70 % funding rate, > $ 1 tln unfunded) and the public pension gravy train keeps on chugging, at least for now.

He believes that nationalizing all private pensions would be a first step, because they are almost always underfunded, unlike public sector.

Amid ongoing warnings about underfunded public employee pension funds, more than a dozen California state lawmakers are augmenting their $ 107,242 salaries by collecting retirement payments from...