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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.
The top four takeaways from Trump Fed pick Kevin Warsh’s confirmation
hearing, according to strategist Tom Lee
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Tom Lee, of Fundstrat, outlined independence, forward guidance, inflation
and the Federal Reserve’s inflation measurement as the key takeaways
46 minutes ago
1 comment:
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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