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Author: Jane the Actuary

February 28, 2022 Jane the Actuary Retirement

Forbes post, “‘Tuesday Is A Yes-Or-No Moment’ – The Ill-Fated 2013 Illinois Pension Reform”

In 2013, the state finally got serious about pension reform.  Why did it fail?

February 26, 2022 Jane the Actuary Uncategorized

Forbes post, ““Don’t Be A Chump”: The Story Of The Illinois Pension Reform That Wasn’t”

Why did a 2012 Illinois constitutional amendment fail?

February 20, 2022 Jane the Actuary Retirement

Forbes post, “‘We Don’t Have Actuarial Numbers Relative To This Amendment’: Illinois’ Tier 2 Pension In Their Own Words”

Illinois legislators knew there was no analysis of the Tier 2 pension system — the sort that could have prevented enacting a plan now at risk of not meeting Social Security safe harbor regulations — but they did it anyway.

February 3, 2022 Jane the Actuary Retirement

Forbes post, “‘The Pension Bill Has Something For Everybody’: A Look Into How Illinois Lawmakers Justified Their Pension Benefit Boosts”

In which I read the floor debate transcripts preceding the approval of pension benefit-boosting laws in Illinois.

February 3, 2022 Jane the Actuary Retirement

Forbes post, “More On The Illinois Pension Combine: The Bipartisan History Of Illinois’ Public Pension Benefit Boosts”

Yes, both parties voted repeatedly to boost pension benefits in Illinois.

January 30, 2022 Jane the Actuary Retirement

Forbes post, “The Pension Combine? Illinois’ Public Pension Unfunding Has A Long And Bipartisan History”

Are Democrats uniquely to blame for failure to fund pensions?  No – or not in Illinois, at least.

January 30, 2022 Jane the Actuary Retirement

Forbes post, “Finally, Medicare Takes A Step Towards Cost-Control – And Alzheimer’s Advocates Push Back”

Aduhelm’s effectiveness is questionable.  In a sensible move, Medicare recognizes this.

January 10, 2022 Jane the Actuary Retirement

Forbes post, “Washington State’s Celebrated Long Term Care Program Is Headed Towards Trouble”

Nice in principle, but the program misses the basic concept of social insurance.

January 6, 2022 Jane the Actuary Retirement

Forbes post, “On The Multi-Employer Pension Bailout, Is Half A Loaf Better Than None?”

The PBGC interpreted the law as written, and the consequences could be most unpleasant.

January 5, 2022 Jane the Actuary Retirement

Forbes post, “Do Retirees Have Too Much Risk, And Whose Fault Is That?”

Can you really blame retirees for high-risk investments when interest rates are so low?

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