Heroic Investing

unfunded pensions

Public Service Pensions: Here Today, Here Tomorrow?

Public Service Pensions: Here Today, Here Tomorrow?

Can you really afford to retire? For many American who trusted their employers’ pension plans to be the mainstay of a comfortable retirement, the answer is no. Many employees, particularly those in the public sector, are approaching retirement age only to find that there’s a gap between what they...

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State Pension Sagas' Continue with Lawsuits

State Pension Sagas’ Continue with Lawsuits

Here’s the story so far. During the 1980s and 1990s states allowed “pension benefit creep” to turn public retirement plans into out-of-control budget monsters. By the time 2012 rolled around, many state governments were caught in the throes of fiscal crisis that could in large part be attributed...

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Take the (Pension) Money and Run

Take the (Pension) Money and Run

We've heard from such credible sources as the Government Accountability Office, a Federal Reserve Bank, and now the Harvard Kennedy School Mossavar-Rahmani Center for Business Government (that's a mouthful) has joined in to say its piece about the danger facing public employee pension plans. As quoted...

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