Posts tagged Pension

What’s a Pension Worth

15 years ago
in
Defined benefit pensions are a dying breed.  While they are still common in federal and state government jobs, they are quickly disappearing in commercial companies.  So if a person wanted to create their own pension how much would that cost? Let’s take a quick look at the Federal Employees [...]

Pension Guarantees When Companies Go Bankrupt

15 years ago
in
When a company offers a defined benefit pension (i.e., one of those pensions whose benefits is based on years of service and ending salary), it has to pay an insurance premium each year to the Pension Benefit Guarantee Corporation (PBGC), a federal corporation formed under ERISA.  The PBGC steps in [...]

Pensions Dramatically Increased Risk Over 50 Years

15 years ago
in
Over the last 50 years public pensions have gone from negligible equity exposure to averaging over 65% equity exposure with another 10% in alternative investments and only 25% remaining in bonds before the latest down turn. This is going to hit the states and municipalities the hardest over the [...]
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