It’s a lesson in pension funding – and the value of overfunding pensions, however unintentionally.
Forbes post, “The Very Real Risk Of Insolvency: Stress-Testing Chicago’s Pensions”
No it’s not schadenfreude – but it is important to know how precarious a position Chicago’s pension funds are in.
Forbes post series on multiemployer pensions (March-April 2020)
March 16: Multiemployer plans are still in crisis. What’s taking Congress so long?
April 3: “Does The UK Offer Answers For Multi-Employer Pension Reform?”
Forbes post, “How Will Underfunded Illinois Public Pensions Fare In The Coronavirus/Market Crash Aftermath?”
There are many uncertainties in the days ahead — and it makes me angry that pensions underfunding is yet another one.
Forbes post, “Did Pension Actuaries Miss Their Chance To Make A Difference?”
It seems hard to believe now, but once upon a time, pension actuaries were engaged in trying to find new directions for retirement plans.