Pensions Archive

Unfunded state and local pensions

Not to worry – as long as they keep full allocations to equity markets the coming doubling of equity prices over the next few years will bail them out. Provided the political leadership doesn’t get too serious about federal govt deficit reduction with tax increases and spending cuts. US Cities Face Half ...Read More

PI: Pension bill regarding commodities watered down

[Skip to the end] Looks like they buckled quickly to get the rest of the bill through ASAP. Pension fund provisions out of House bill by Doug Halonen A bill in the House Agriculture Committee that would deal with commodity speculation was dramatically revised today to delete provisions in a previous draft ...Read More