Once more, from the top, it’s trivial and unhelpful to blame contribution underpayments for the city’s pension woes. Published by Jane the Actuary View all posts by Jane the Actuary
One thought on “Forbes post, “Are Contribution Underpayments Really The Cause Of Chicago’s Pension Woes?””
I’ Never See discussed is takeover of the pension plans by an outside administrator such as the government PPG as what happened to my companies pension plan when it was underfunded from 85% to 80℅.(Nortel) I don’t see that discussion when it revolves around municipal pension plans and they expect the taxpayers to make up the difference. I have to accept a lower payout and municipal should as well.