From reading the voluminous accounts of the fiscal woes of Stockton and San Bernardino, you’d think that municipal unions and feckless city officials are primarily what led these cities down the path to fiscal ruin.
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The main question mark in pension fund returns is the return on stock, which typically accounts for 60-70 percent of pension fund assets.
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A relatively new economic think tank in Kentucky has released a report that pushes back on calls to cut the state’s pension benefits.
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In his recent op-ed piece (“Maryland’s mismanaged pensions,” July 10), George Liebmann mischaracterizes numerous aspects of the Maryland State Retirement and Pension System that require correction.
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There’s an oft repeated myth being fed by many that claims the defined benefit pension plans available to most public employees are going bankrupt.
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A much-anticipated report on the Wisconsin Retirement System cautions that changing the highly rated fund could create greater costs for taxpayers while undermining benefits for hundreds of thousands of current and future retirees.
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