Several pension experts said the government would ultimately have to cough up should a trust collapse without a new sponsor
And while the deficit remains with academy trusts,
several pension experts said the government would ultimately have to cough up should a trust collapse without a new sponsor — something described as a «extreme circumstance» by John Wright, head of public sector at pensions firm Hymans Robertson.
The politicians were supported yesterday by
several pension experts.
Not exact matches
However, the VDC plan also has
several significant advantages: members vest in a year, compared to 10 years years for any current DB
pension plan; they can control their own investment profile with the advice of
experts; and the DC plan is portable, meaning it follows employees when they change jobs in the public or private sectors, in or out of New York.
As you will see in the summary report (by Fordham's Dara Zeehandelaar and Amber Winkler) and
several technical papers to follow, economist and
pension expert Robert Costrell and education - finance
expert Larry Maloney parsed the budgets of the Milwaukee, Cleveland, and Philadelphia school districts to estimate just how big an impact their
pension and retiree - health - care obligations will have on their bottom line in coming years.
Additionally, he has served as an
expert witness before the U.S. Congress and the Louisiana Legislature on
pension and health matters as well as in
several legal malpractice cases.