Shortfalls accumulated over decades should not all rest on today’s workers
Legacy debt — leftover costs from the startup of retirement programs — is important not only when considering policy changes for Social Security but also for state and local pension plans.
Read: This insurance policy can protect your retirement savings from a volatile stock market — but is it worth it? Moreover, public plan unfunded liabilities grew significantly even after plans shifted to modern actuarial funding. The primary reasons for this increase were: insufficient contributions; poor investment returns relative to expectations; changes to actuarial assumptions, such as the expected mortality of retirees; the actual experience of plan members relative to those expectations; and — to a lesser extent — benefit increases in the 1980s and 1990s.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Wondering what COVID variant you're infected with? Rutgers scientists developed a real-time test for thisScientists hope new tests will be able to identify COVID variants in a broader swath of patients, which could improve public health surveillance and help make better treatment decisions.
Les mer »
Feds, province invest in U of S carbon sequestration research\u0022A better understanding leads to better decision making and practices within the industry.\u0022
Les mer »
Philippines to explore blockchain use cases, launches training programThe Philippines is embracing blockchain. The country’s government started its exploration of use cases, launching a training program for researchers in the Department of Science and Technology. (Reporting via ezrareguerra)
Les mer »
Kris Jenner and Corey Gamble's Relationship TimelineKris Jenner and Corey Gamble were first linked in 2014 following her split from Caitlyn Jenner — see their relationship timeline
Les mer »
UK neobank Kroo raises £26 million in Series B fundingLondon-based neobank Kroo has raised £26 million in Series B funding despite the pace of fintech funding slowing down.
Les mer »
Binance's VC arm raises $500 million fund — its first with outside capitalBinance Labs has raised a new $500 million fund. This is the firm's first fund with outside capital, a Binance spokesperson told The Block.
Les mer »