The City of Del Mar is requesting proposals from qualified and capable firms to provide investment management services or to provide established pension programs for the purposes of managing the Citys pension reserve fund to (invest the funds separately in a higher yielding portfolio) and to reduce the Citys unfunded pension
liability and pension costs.
Bank Leumi said that calculation of the capitalisation interest on liabilities for first generation employees at the bank entitled to an unfunded pension
would be conducted according to the average yield during the past eight quarters on government bonds, plus the spread of the yields on AA-rated corporate bonds in the US.
Collins and Rettenmaier (2010, 451) recalculated the liabilities of 153 state and local pension plans and found their unfunded pension
liabilities to be $2.
This has left some states with seriously unfunded pension
plans and no good options to make catch-up payments.
Summary: The Aa2 rating also takes into consideration the province's unfunded pension
2 billion in municipal bonds of the real risk involved by failing to disclose the impact of the unfunded pension
liability on the state's ability to manage its other obligations.
More than $1 trillion in unfunded pension
promises made to current and retired government employees are straining state budgets, prompting policymakers to find alternative ways to design retirement plans.
1 billion in cash and assume unfunded pension
liabilities estimated at $225 million as of June 30, 2013.
The report, Promises Made, Promises Broken--The Betrayal of Pensioners and Taxpayers, also identifies states where taxpayers and public employee pensioners are most threatened from unfunded pension
promises including Illinois, Ohio, New Jersey, Oregon, Connecticut, Nevada, New Mexico, Hawaii and Alaska.
State Budget Solutions calculated those totals using each state's debt amount using each state's regular debt, the fiscal year 2013 budget gap, outstanding unemployment trust fund loans, unfunded post-employment benefit liabilities, and the state's unfunded pension
19 trillion, including outstanding bonds, unfunded pension
commitments and budget gaps, according to a new report.
According to the parties, the transfer will simplify the administration of the defined benefit pension plan for Aeroplan and its eligible employees and will not result in Aeroplan assuming a material unfunded pension
obligation on the basis of the most recent actuarial valuation report.