New York transit worker pension plans say the firm's mismanagement caused 'astonishing' losses.
Tag: public defined benefit plans
The Society of Actuaries points out that the financial impact of implementing the new public pension mortality tables will vary based on each individual job category, as well as the relative mix of member ages and other demographics in each pension plan.
The SOA’s public-sector mortality study is designed to provide public pension actuaries and plan sponsors with information to help set mortality assumptions and includes separate mortality tables for teachers, public safety professionals and general members, respectively.
The move follows a passionate announcement from Connecticut's State Treasurer about why it feels divestment is the right thing to do.