Comments on: Public Pensions On the Upswing http://jaredbernsteinblog.com/public-pensions-on-the-upswing/ Facts, Thoughts, and Commentary Wed, 19 Jun 2013 04:19:54 +0000 hourly 1 By: Misaki http://jaredbernsteinblog.com/public-pensions-on-the-upswing/#comment-175108 Misaki Sun, 20 May 2012 23:59:58 +0000 http://jaredbernsteinblog.com/?p=5164#comment-175108 >The CW has it that powerful public sector unions squeezed unsustainable promises out of city halls across the land and funding those promises are bankrupting our towns and cities.

>In Wisconsin, on the other hand, where public sector unions are the alleged cause of everything bad, the retirement system has been funded at or above 99% since 2003.

Don’t see how these are contradictory, but I’m sure it’ll all work out somehow.

]]> By: Chris Tobe http://jaredbernsteinblog.com/public-pensions-on-the-upswing/#comment-174175 Chris Tobe Sat, 19 May 2012 16:22:04 +0000 http://jaredbernsteinblog.com/?p=5164#comment-174175 Jared,

I agree most public pensions are doing OK. However there are a minority in a death spiral, not caused by excessive benefits, but purposeful underfunding. For a copy of my article Broken ARC’s Broken Promises e-mail me.

Christopher B. Tobe, CFA, CAIA
Trustee Kentucky Retirement Systems 2008-2012
Stable Value Consultants
11801 E. Arbor Dr.
Louisville, KY 40223
(502)648-1303

]]>