Category: Pension bailout

In a New Pension Plan Actuarial Standard, a Subtle Warning of Possible ‘Fire!’

February 20, 2023
Business & MarketsBusiness Columnistsmunicipal bankruptcypensionPension bailoutSociety of ActuariesUSUS News
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Commentary Valentine’s Day, Feb. 14, closed out a state and municipal pension plan accounting regime that allowed plan managers—who are overwhelmingly politicians—to obfuscate the funding levels of their pension plans by making actuarial assumptions about anticipated rates of returns that are  largely illusory. A revision to the Actuarial Standards of Practice (ASOP) No. 4 at least…

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​​Teamsters Bailout = Cynical Politics

December 23, 2022
labor unionsOpinionPension bailoutteamstersViewpoints
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Commentary Earlier this month, President Joe Biden announced that he would bail out the Central States Pension Fund to the tune of $36 billion. The fund serves members of the Teamsters union, and $36 billion would make it the largest federal bailout to date of a pension plan. Biden’s announcement reveals much about the state…

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What’s Next for UK Economy?; What’s Next for UK Economy?; FBI Chief Warns About CCP’s ‘Massive’ Threat | NTD Business | NTD Business

July 7, 2022
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British Prime Minister Boris Johnson resigns; what’s next for the country’s economy? We look at some key issues. President Joe Biden is planning to use taxpayer funds to bail out union pensions. What does it mean, and will it work? Billionaire Elon Musk comments on having twins with a top employee, saying he’s trying to…

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What’s Next for UK Economy?; FBI Chief Warns About CCP’s ‘Massive’ Threat | NTD Business

July 7, 2022
Boris JohnsonElon MuskEpochTVLive VideosNTD BusinessPension bailoutVideo
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British Prime Minister Boris Johnson resigns; what’s next for the country’s economy? We look at some key issues. President Joe Biden is planning to use taxpayer funds to bail out union pensions. What does it mean, and will it work? Billionaire Elon Musk comments on having twins with a top employee, saying he’s trying to…

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