Traditional pensions have been vanishing for decades; the prospect of negative interest rates could be the final blow.
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Will Negative Rates Finally Kill Pensions?
Tag Archives: Pensions
The ‘Illinois Is Not Puerto Rico’ Fallacy
Why is Illinois like Puerto Rico? Both have made promises they can’t, and therefore won’t, ultimately keep.
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Can Consolidation Fix Pension Plans?
Combining small underfunded pension plans into larger ones may shave costs a bit but won’t solve their problems.
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The Inevitable Future Arrives
For the first time, retirees in a private-sector pension plan are seeing their benefits cut for lack of funds.
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CalPERS Deflates Its Expectations
California’s state pension system corrects its estimate of investment returns — but it’s probably still wrong.
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IRS Bans Pension Buyouts
Companies are now banned from offering pensioners a lump-sum buyout. This prevents bad decisions, but also good ones.
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Illinois Goes Back To The Drawing Board
On public pension reform, Illinois’ high court’s policy is “just say no.” They are going to need a Plan B.
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Detroit’s Wishing Well Runs Dry
Detroit is bankrupt, and all the wishful thinking in the world will not allow the city to keep impossible promises to its unions.
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California Enters The Era Of Broken Promises
Trend-setting California is among the first to enter the Era of Broken Promises.
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SCOTUS Stands Tall For Pensions
Pension participants who suffered no losses in a market meltdown have no basis to sue anyone for their lack of injury.
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