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A Simple Fix To Solve Public Pension Funding Woes Think Again - Latest News
A 'Simple Fix' To Solve Public Pension Funding Woes? Think Again.
Readers, I have previously lamented that the incoming governor in the state of Illinois has no plan with respect to the state's woeful pension underfunding, which, as a reminder, totals $130 billion o... read more
Tensions Mount As Fort Worth Leaders Work To Fix $1.6 Billion Pension Problem
Fort Worth is scrambling to find a fix ... pension woes. Dallas and Houston have struggled recently, but Fort Worth Mayor Betsy Price wants to avoid having state lawmakers in Austin step in and force ... read more
The next great bailout: Social Security
Not only are Medicare's financial woes much larger ... problem even as its trust fund is getting bigger than ever, explain how the program really works, and -- immodest though it may seem -- propose a ... read more
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Emanuel's pension plan: Relief on payments, casino to pay for it
Emanuel wants to kick can down road, use Chicago casino money to fix police, fire pensions. Mayor Rahm Emanuel is trying to solve his ... state budget woes. The outline of the mayor's police and fire ... read more
Boulder County's public trustee office facing cash crisis
Boulder County's public trustee office — charged ... "but they're not too far behind." Simple fix gets complicated Martin and Weissmann say a simple $5 fee increase on releases would solve the budget ... read more
Experts say pension-tax solution will work, but critics question the cost
“My solution is very simple, and it’s the best of a series of bad options, to be clear,” Curry said at a recent speech to the Downtown Business Professional Group. “There is no pretty way to fix ... t... read more
Bankrupt Cities? What About Distressed Cities?
This is part of an ongoing series called Finance 101 that goes back to the basics to help public ... now think that cities are the only level of government that works,” Miner boasts. “The irony in all ... read more
Meet The Hedge Fund Wiz Kid Who’s Shrinking America’s Pensions
Chris Christie showed once again why the design of most public pension systems is fatally flawed,” he wrote. “Politicians can and frequently do divert money that is meant to fund long-term worker reti... read more
2018 Colorado Legislature: What's next on the issues that drove the session?
Lawmakers created a $32 billion solution to the state's public-pension plan, but it could be years before Coloradans know if a fix worked ... retirees and the state incrementally if the fund gets out ... read more
Pennsylvania’s pension debt continues to mount; critics alarmed
Here’s how he describes the problem: “We are dealing with overstated assets and understated liabilities coupled with poor funding ... a year toward pensions for the next 20 years. Mathematically, he s... read more
Retire this scandalous pension imbalance! -- Cullerton has a plan to stop a teacher pension funding system that cheats Chicago
About 14 percent of the public school teachers ... Security and whose pensions are not particularly generous, by the way — have very little incentive to sound the alarm over pension-funding schemes be... read more
Rauner continues blame game on CPS money woes
The public posturing over who’s to blame should Chicago Public Schools lay off teachers early next year continued Monday, with Republican Gov. Bruce Rauner saying the city is responsible for its own f... read more