Connecticut Unfunded Pension Liabilities Miscalculated, Report Says
Cause linked to unreported debt, unrealistic return expectations.
Cause linked to unreported debt, unrealistic return expectations.
Hurdles include high valuations of risk assets, macroeconomic future.
“Important not to abandon hope,” associate director says.
The oil sector gained with improving demand, although expectations for OPEC’s prospects of bringing down global production were reduced.
Liabilities more than double in 10 years, while assets gain 28%.
Foundation attributes strong gains to active management.
Positive returns from top-level strategies; emerging markets continue nine-month hot streak.
More than 20% of total 15,606 FDNY retirees eligible for six-figure pensions; high retirement benefits attributed to disability-related plan.
Report indicates while the law is a step in the right direction, lottery floor covers 25% of state pension’s ARC.
Public, private equities help boost fund to historic high.
US household debt has surged more than 15% in just four years.
More than 56,000 in Prime Minister’s constituency.
72% of respondents likely to transfer additional liabilities in the future.
NEPC survey finds responders more optimistic about US economy despite political uncertainty.