This document provides a high-level, side-by-side comparison of the four pension funds paid into by the City of Chicago and the two pension funds paid into by Cook County, Illinois. Data is chiefly drawn from the actuarial valuation reports issued for each fund as of December 31, 2016. Across the country, public pensions have been […]
Advocating to take politics out of pensions, IPFI fights for the security of retirement accounts across the United States. Want more information on what politics in pensions means for your retirement? Click on this link to see exactly what we stand for at the Institute for Pension Fund Integrity.
The Institute for Pension Fund Integrity (IPFI), a non-profit organization which seeks to ensure that state and local leaders are held responsible for their choices in public pension investment, responded today to the New York City Comptroller’s request for information (RFI) regarding how to divest city pensions from energy company holdings. See IPFI’s response to […]
Bill Seeks to Lower Teacher Pension Contribution Part of the bipartisan budget passed in November included raising teachers’ contribution toward their pensions from 6 to 7 percent, but a bill passed out of the Finance, Revenue and Bonding Committee would roll that contribution back. View the database: Yankee Institute: Public Pension Plan Crisis Research Database
As Baby Boomers retire daily and the American population continues to age, one thing becomes clear: public pensions are poorly underfunded. States and cities are facing an impending funding crisis that will burden future generations and taxpayers for years to come. Beyond this, pension fund fiduciaries are increasingly pressured by outside stakeholders to manage the […]
Taxpayer-funded contributions to government pensions can make up one the largest single elements in a local budget. Manhattan Institute scholars have consistently pushed for governments to reform their pension system and thus avoid the necessity of cutting public services.
Absent significant reforms, unfunded liabilities of state-administered pension plans will continue to grow and threaten the financial security of state retirees and taxpayers alike. The fiscal calamity could be far deeper and prolonged than the Great Recession.
As the world’s population lives longer, it will become increasingly important for plan sponsors, retirement advisors, regulators, and financial firms to focus closely on how older persons fare in the face of rising difficulties with cognition and financial management.
On the basis of its fiscal solvency in five separate categories, Connecticut ranks 37th for fiscal health among the US states—a significant jump from last year’s ranking of 50th.
The latest PPD update features: Expanded 2016 plan data. The creation of a new “Colorado State and School” plan for years 2001 to 2004. Colorado state legislation enacted in 2004 (Senate Bill 04-257) provided for the separation of the Colorado State and School Divisions. To better reflect this policy change, data for Colorado State and […]