(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.
(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.
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.
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.
(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.