The New York Times points us to private industry under funding for your retirement: AFTER years of poor investment returns, the pension funds of the United States’ largest companies are further behind than they have ever been. The companies in the Standard & Poor’s 500 collectively reported that at the end of their most recent […]
By Noni Mausa Double Double — The Absolute Simplest Look at Wages and Pensions One of the best loved Canadian drinks is the famed Double-Double, a big coffee with two creams and two sugars from the Tim Horton’s coffee shop chain. Millions of double-doubles warm grateful workers hands and wake up their brains on the […]
Center for Business Public Policy’s Jeffrey Brown wrote a simple economic critique of David Cay Johnston’s (Tax.com) piece on pensions. David Cay Johnston dropped by with some lengthy comments and replies. Well worth reading the entire thing, especially the comments.
Felix Salmon writes on the question of appropriate pension plans for state systems (emphasis on teacher retirement systems) in Reuters…however, the comment section offers a superb range of thoughts by non-experts on the matter of state pensions as well. 1. Is a 7-8% return reasonable to expect (smoothed over time) in the future?2. If a […]
H35 provides for these amendments to the MA teachers retirement system by Gov. Duval Patrick: An Act Providing for Additional Pension Reform and Benefits ModernizationThis legislation filed by Governor Patrick proposes further pension reforms to achieve the following objectives: Update the system to reflect demographic changes, such as the fact that people are living and […]
Peter Dorman at Econospeak, who is smarter and nicer than I am,* boils down the question: [D]o you believe that managers normally make the right decisions over how to run organizations? If you believe that premise, please explain: Why all those great managers of the late 1940s through the mid-1970s ran defined benefit contribution plans, […]