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12 Jul 2019, 4:05 am by Public Employment Law Press
A Pew Charitable Trusts survey reports that poorly funded pension plans for state and local public employees experienced "financial erosion" in recent years despite strong investment returns.These findings are presented in a new report from The Pew Charitable Trusts that surveys the health of state-run public pension systems.Based on Governmental Accounting Standards Board criteria, in 2017 only 8 states were at least 90%… [read post]
29 Jun 2017, 1:08 pm by Tom Baden
  After years of elected officials treating the Maryland state pension system like a bottomless trust fund, it is $20 billion underfunded with no plan to fix it save a market miracle. [read post]
6 Aug 2018, 3:17 pm by Ettinger Law Firm
Foreign pension fund contributions made in the interest of retirement and trust formation in preparation of an estate, may be subject to taxation without the professional assistance of an estate law attorney. [read post]
5 Nov 2021, 10:39 am by Giannis Waymouth
Looking at the bigger picture, the government wants a bigger share of the pension fund pound invested in longer-term infrastructure projects and other illiquid investments. [read post]
8 Mar 2016, 7:48 pm
"The New York Times looks at the Artist Pension Trust at age 10. [read post]
31 Mar 2014, 3:44 pm by Sabrina I. Pacifici
Federal Employees’ Retirement System: Budget and Trust Fund Issues, Katelin P. [read post]
The firm sponsoring the plan is required to set aside assets in a trust to fund these obligations, but if the sponsor goes bankrupt with insufficient assets to fund pension obligations, beneficiaries are bound to accept whatever reduced payouts can be made with the assets secured for the plan. [read post]
2 Feb 2012, 3:28 pm by eithurburn@getnicklaw.com
  In spite of assurances that the pension fund investments were low risk, the suit alleges that Northern Trust invested in consumer debt and problematic mortgage-backed securities. [read post]
22 Aug 2013, 4:00 am
” The NASRA report noted that “State and local government pension benefits are paid not from general operating revenues, but from trust funds to which public retirees and their employers contributed while they were working. [read post]
19 Jul 2011, 8:52 am by James Hamilton
HR 33. broadens the exemption to church pension plans funded by tax-deferred annuities and plans that do not include self-employed individuals. [read post]
25 Oct 2013, 3:43 pm by Adam Kielich
Both private and public pensions are struggling under their financing obligations and looking at all options to put money in the trust that funds the pension benefits that does not require the employer (or taxpayers, in the case of public pensions) to put in money out of its own pocket–for benefits it promised to pay. [read post]
6 Jun 2023, 6:30 am by Guest Blogger
Ideally, public pension plans are funded in advance as benefits are accrued, with contributions set aside in a trust that can be used to pay out benefits once a participant retires. [read post]
7 Jan 2011, 8:15 am by Seth Borden
The Resolution lays out a litany of financial challenges facing the federal government, state and local governments, Social Security and related trust funds, and various government employee pension funds. [read post]
12 Jun 2013, 11:07 am by kielichadmin
The Pension Protection Act of 2006 (PPA) sets out several measures to help plans get back on track with funding. [read post]
22 Nov 2008, 6:36 pm
Britain's Child Trust Fund already offers Sharia-compliant baby bonds. [read post]
5 Mar 2012, 7:39 am by Irene
Incredibly, the city’s retirement trust board found that Arthur’s public pension should not be confiscated because she acted in a “private capacity. [read post]