Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Bates & Company, Inc.
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Regional Vice President of Sales The Retirement Plan Company
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Why Some Public Pensions Could Soon Look Much Worse
Governing Mar. 19, 2015 "Thanks to new pension accounting rules put forth by [GASB], Kentucky, along with a handful of other plans, has been forced to lower its discount rate ... [In an] analysis of 80 pension plans that had comparable data available, about one-third adjusted their discount rate downward but just nine plans in four states lowered it by more than a half-percentage point.... In New Jersey, pension liabilities for the state employee retirement plan increased 55 percent. While the aggregate average plan saw a boost in its funded ratio of 4 percentage points, New Jersey's funded status fell by nearly one-fifth to 28 percent." |
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