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Fragile Calculus in Plans to Fix Pension Systems - NYTimes.com ;.. Michael R. Bloomberg recently called “indefensible.”
Now public pension funds across the country are facing a painful reckoning. Their projections look increasingly out of touch in today’s low-interest environment, and pressure is mounting to be more realistic. But lowering their investment assumptions, even slightly, means turning for more cash to local taxpayers — who pay part of the cost of public pensions through property and other taxes.
Poland preparing €2bn anti-drone fortifications along its eastern border
amid Russian threat
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Deputy defence minister says new air defence systems will be completed in
24 months
Poland plans to complete a new set of anti-drone fortifications along...
58 minutes ago
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Michael R. Bloomberg recently called “indefensible.”
Now public pension funds across the country are facing a painful reckoning. Their projections look increasingly out of touch in today’s low-interest environment, and pressure is mounting to be more realistic. But lowering their investment assumptions, even slightly, means turning for more cash to local taxpayers — who pay part of the cost of public pensions through property and other taxes.
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