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Special Report on

Fairy Tale Pension Projections

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John E. Petersen is GOVERNING's Public Finance columnist. He is a Professor of Public Policy and Finance at the George Mason School of Public Policy. It is not news that states are in increasingly desperate fiscal shape. As a recent report by the Pew Center on the States documented, California is only the largest and most prominent example of a state facing fiscal crisis. The report, "Beyond California: States in Fiscal Peril," found nine others where finances are currently hanging in a precarious balance. A "failed state" could mean deep cutbacks in services coupled with punishing levels of charges and ...
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Computerworld Philippines :: Exclusive Features Government ...
If there is one government institution that hungrily feeds on technology just to provide innovative public services anytime, anywhere, it would be the Government Service Insurance System (GSIS). With over half a trillion pesos in asset base, GSIS claims to rival some of the biggest financial institutions in the Philippines and has implemented certain technologies even before they were deployed by large private banks and companies. Winston Garcia, president and general manager of GSIS, launched his mandate of “service anytime, anywhere” for the fund agency when he was appointed by President Gloria Macapagal-Arroyo in 2001. Though ... market research, surveys and trends
Charlie Rose - A conversation with Neel Kashkari, Former Assistant ...
…The new Congressional Budget Office figures predict Obama's budget will produce $9.3 trillion worth of red ink over 2010-2019. That's $2.3 trillion worse than the administration predicted in its budget just last month. … Even so, Orszag acknowledged that if the CBO projections prove accurate, Obama's budget would produce deficits that could not be sustained. "Deficits in the, let's say, 5% of GDP range would lead to rising debt-to-GDP ratios that would ultimately not be sustainable," Orszag told reporters. Deficits so big put upward pressure on interest rates as the government offers more attractive interest ... market research, surveys and trends

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FAIRY TALE PENSION PROJECTIONS

Fairy Tale Pension Projections
John E. Petersen is GOVERNING's Public Finance columnist. He is a Professor of Public Policy and Finance at the George Mason School of Public Policy. Commented March 19, 2010 Investment return assumptions are intended to function over long time frames, and over the last 20 a... Jump to Comments Inside a sales brochure for an investment fund, you'll see a phrase like: "Current performance may be lower or higher than past performance, which cannot guarantee future results." Individual investors know there's an element of gambling in making investments, and that the higher the returns are on today's ... industry trends, business articles and survey research
Ct Pension Debt May Be Even Worse Than Projected | Connecticut ...
Riots by government employees in Greece are far away from us, but make no mistake: Connecticut, and many other states, face similar financial crises soon as we have to make good on all the pension and health benefits our elected officials promised to government employees. For politicians the tactic was a slam dunk. They knew that government workers would turn out to vote, so by promising generous pension and retirement health benefits that didn’t have to be paid for years, they could get elected and get re-elected. Some politicians, including Gov. M. Jodi Rell and state Treasurer Denise L. Nappier, have been warning us ... industry trends, business articles and survey research
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Read: Retiree Benefits 197-021. Mini-lecture: Projected pension expenses and cash flows ... Case: eBay Inc.: Internet Success or Fairy Tale? 104-049 ... Short class: time to prepare Bank Financial Projections due Tuesday, March 29 ... technology research, surveys study and trend statistics
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Jefferson County Department of Pensions and Security ; Shirley Shaw, ... "I feel like the fairy tale where the frog beconies k'ing ," Court of Criminal ..... our projections show that we can expect an increase of another 140000 cases by ... technology research, surveys study and trend statistics
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