From MassDOT: CAPITAL INVESTMENT PLAN Public Meeting Schedule The Draft MassDOT & MBTA Capital Investment Plan (CIP) Update for fiscal years 2019–2023 is a multi-billion dollar program that makes long-term, […]
Recently read an article on the pro business website “MarketWatch” where one of their columnist was questioning why the pension fund for Police and Firefighters in Detroit was being threatened […]
In recent months, Senator Brownsberger has engaged in discussions with government officials regarding the actuarial target rate of return for the Massachusetts Pension Reserves Investment Management Trust fund (PRIT). The […]
The inter-generational fairness of the public pension system depends on the investment return assumption used in planning. This post collects resources on this subject.
“…the current [pension] shortfall is attributable to the recent stock market plunge…” Hmm…first of all, the S&P 500 has doubled from its March 2009 low and is now within 40 […]
Via Brad Delong‘s blog: http://www.cepr.net/index.php/publications/reports/the-origins-and-severity-of-the-public-pension-crisis It argues, roughly, that the current shortfall is attributable to the recent stock market plunge, that pension funds, because of their size and long-term outlook, need […]