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.
Speaker DeLeo on Job Recommendations
In an address to the Boston Chamber of Commerce yesterday, Speaker DeLeo covered a number of important areas, making a commitment to move on municipal health care reform and a commitment to control legislative recommendations on jobs.
Changing state employee benefits
Disclaimer: I am a state employee who works in Higher Education. Will, I understand that state employees get a lot of bad press. I understand that a lot of people are angry when they hear about all of the people who get jobs through connections, and get raises beyond what private employees get, etc. But, …
Financial analysis of deep energy retrofit
This post continues the sharing of learning from the “deep energy retrofit” of our home. It summarizes a financial analysis of the project.
Income Trends
There are many ideas out there about how earnings, real and expected, affect spending. Milton Friedman’s 1957 Permanent Income Hypothesis is probably the most famous. In its strictest form, it implies that changes in current income, such as a raise or inheritance, shouldn’t change consumption at all. That’s an awfully strong statement. In 1989, John …
Blue Cross Blue Shield Severance Payout
The $8.6 Million payout to the ousted Blue Cross CEO ( Cleve Killingsworth) doesn’t give me much confidence in this near-monopoly “Non-Profit” company or its Board of Directors. (Directors are paid over $50,000 per year each, for one meeting a month). That’s a lot of co-pays at $20 each ! Note that Killingsworth will …