(WSJ) Few Californians in the private sector have $1 million in savings, but that’s effectively the retirement account they guarantee to many state government employees.
Unfunded pension liabilities drastically underestimated
(NCAP) Recent reports state that due to over-estimated discount rates, the public employee retirement pension liabilities of many state and local governments have been under-estimated by 75-86 percent.
Rates adjusted to address unfunded PERS/TRS gap
After two full days of presentations, discussions and review, the Alaska Retirement Management Board approved pension contribution rates today for fiscal year 2012 in an effort to reduce the multi-billion dollar unfunded liability.
Alaska Watchdog: Board to approve state’s retirement funds
The Alaska Retirement Management Board meets today and Friday in Anchorage to review the multi-billion dollar public retirement systems find ways to fully fund the systems in the future.
Millionaire Police Officers?
(Forbes.com) It is said that government workers now make, on average, 30% more than private sector workers. Put that fantasy aside. It far underestimates the real figures.