Public pensions, mult-employer, single-employer, church plans: where do you draw the line between reasonable relief and bailout, and if there are pension bailouts to be had, who should get them?
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.