SAN DIEGO ANALYTICS BLOG
California Pension Systems: Has the actuarial process failed?
This is the eleventh periodic survey which ranks the funding assumptions used by California’s public pension systems from “most conservative” to “most optimistic.” In the related spreadsheet, the “most conservative” system is ranked as #1 and “most optimistic” system is ranked as #37.
California Pension Systems: Ranking their Funding Assumptions
This is the tenth periodic survey which ranks the funding assumptions used by California’s public pension systems from “most conservative” to “most optimistic.” In the related spreadsheet, the “most conservative” system is ranked as #1 and “most optimistic” system is ranked as #37.
Actuaries Longevity Illustrator
Financing for retirement can be complicated, and there are many factors that must be taken into account. One of the most important factors, which is sometimes misunderstood, is your longevity-that is, how long you might actually live.
Ventura County Pension Reform Would Save $460 Million, Reduce Debt $1.8'billion
The Problem: The Ventura County Employees’ Retirement Association (VCERA) is poorly positioned to stay properly funded in the coming years, and local taxpayers may be forced to pick up a hefty tab of unfunded liabilities if substantive changes are not made in the near future.
Taking Your Pension Private
If you are self-employed and in the top echelon of earners, there is a big potential retirement-plan tax break available to you—and you don't even have to be Mitt Romney to get it.
Sheffler: Pension Tweaking Stupid, Dangerous
Certain trustees on the board of administration of the San Diego City Employees’ Retirement Association took umbrage at the suggestion by City Councilman Carl DeMaio and Councilwoman Donna Frye that they refrain from studying tinkering with the actuarial funding methods.
Pension board contention
Those who aren’t already immersed in actuarial science may find reviewing the basics of retirement-plan funding worthwhile.
The cost of a retirement plan is paid for in installments over the working life of each employee. Each installment is invested and the income from those investments reduces the total cost of his pension to him and the city. This investment-income portion normally amounts to about 80 percent of the total cost of a worker’s benefits.
Pension Hawks Warn of 'MP-3'
It’s been a while since a San Diego mayor has been accused of tampering with the pension system.
But Mayor Jerry Sanders’ recent announcement that he is replacing three pension board members appointed before he took office has raised concerns that Sanders is angling to revise a relatively unknown aspect of the pension system.