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Search the News Archive

3 Matching News Items

1.  Mish's Global Economic Trend Analysis Link to more items from this source
Apr. 30, 2013
"Prior to MAP-21 pension plans had to determine liabilities based on a 2-year average of interest rates. After MAP-21 companies could use a 25-year average of interest rates. As a result, companies get to contribute less when interest rates are low. [The author of this linked article] would like to point out this is precisely when companies ought to be contributing more!"
2.  Mish's Global Economic Trend Analysis Link to more items from this source
Apr. 17, 2013
"Philadelphia is bankrupt. Without even seeing the details, it is safe to assume untenable union wages and pension benefits are at the heart of it all. A 47.6% funded pension is rather telling in and of itself."
3.  MISH'S Global Economic Trend Analysis Link to more items from this source
July 17, 2012
"Let's pretend that CalPERS is 100% funded.... [W]hat will CalPERS underfunding look like at various compound plan performance rates? CalPERS currently has $233 billion in assets. CalPERS assumes 7.5% annual growth. What if CalPERS only returns 5%? or 2.5%?"

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