Category: Pension Funds

A Quick Guide to the Public Pension Crisis

The NCPA has written numerous publications on the unfunded liabilities of Social Security and possible reforms.   We have also addressed unfunded liabilities of state and local public pensions.   But one of my readers alerted me to her infographic that quite nicely sums up the Social Security and states’ pension crises, for those with no time […]

Chicago Plays Politics with Retirement Pensions

If Sen. Dianne Feinstein’s (D-Ca.) assault weapons bill is not enough of a kneejerk reaction to the Newtown shooting, Chicago is playing its part in contributing to the lack of common sense measures as well — by hurting its employee pension system.  The board of Chicago’s Municipal Employees’ Annuity and Benefit Fund voted to divest […]

Air Time is for the Birds

Perhaps I should stop espousing the benefits and long-term gains of equities and start looking for a public sector job. If I did so, I could evidently “buy” my way into generous pension benefits that appear to far outperform the long-run rate of ret urn on stock investments. In 21 states, teachers, state or local […]