Bloated state pension systems need to be re-worked and state governments need to balance budgets.
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Because these public funds invest billions of dollars in such companies, pension systems have enormous leverage.
NDCs, despite their merits, can solve all the problems of public-pension systems at a stroke.
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Because intergenerational income distribution became a contentious public-policy issue with the establishment of public-pension systems.
Having learnt from the rich countries' mistakes, most emerging-market countries have opted for funded pension systems.
Germany, the region's largest economy, has begun to overhaul its tax and pension systems, changes long demanded by economists.
So for those countries with well-developed pension systems, there is a long-term problem from these population trends.
Governments in rich countries, including America, face huge future funding problems, largely because of their pension systems.
Given all these advantages, it's not surprising that legislators have been slow to change their states' pension systems.
Officials seeking to overhaul pension systems across the country are tangling with a powerful, well-heeled opponent: public-sector unions.
Ill-designed pension systems magnify the effect of population ageing by creating incentives for people to retire ever earlier.
The targets were large institutional investors, especially this country's public pension systems, university endowments and Wall Street asset managers.
This report sought to analyze America's "Top 100" largest and most prominent public pension systems, excluding public university endowments.
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Public pension systems do not achieve a reasonable trade-off between actuarial fairness and protection against poverty in old age.
Overall, the reformed pension systems are manifestly better than the ones they replaced.
As a result, Illinois lacked proper mechanisms to identify and evaluate relevant information about its pension systems into its disclosures.
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As it stands, charter schools are trapped in the golden handcuffs of DB pension systems, just like teachers themselves are.
He and Laura, a former corporate lawyer, created their own foundation to improve the criminal justice, education and pension systems.
The federal government has substantial influence on state and local pension systems through accounting rules, taxpayer subsidies and open-ended guarantees.
Pension systems that work so capriciously make little sense at the best of times, and even less in an ageing world.
Many states underfund their pension systems, even by their own accounting standards.
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Many more countries have created prefunded pension systems based on individual accounts.
In Louisiana a new law was passed in August 2004 relating to state and statewide public retirement or pension systems, funds and plans.
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The new law could also allow states an opportunity to reform their bloated, broken and underfunded pension systems for current and future workers.
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Normally an IMF loan comes with strings attached - countries are told to reform their public finances or pension systems or liberalise markets.
Something must be done soon to restrain the burgeoning deficits in the state pension systems, especially the over-generous retirement schemes for public-sector workers.
To perform the analyses of the 100 pension systems' investment portfolios, the Center forwarded this data to the Conflict Securities Advisory Group (CSAG).
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In 2004, the Legislature of Louisiana voted to enact a new law aimed at providing greater protections to public pension systems within the state.
FORBES: Louisiana Public Pension Legislative Initiative Failed to Provide Needed Protection
For their part, state treasurers, public pension systems and mutual funds across America should publicly declare their unwillingness to hold this paper in portfolio.
All statewide pension systems were asked to report at the hearing on the compliance of their investment consultants and money managers with the new law.
FORBES: Louisiana Public Pension Legislative Initiative Failed to Provide Needed Protection
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