In the late 1990s, pension funds decided that it would be a good idea to purchase stocks near the peak of the technology bubble. Strike one. In the mid 2000s, the idea was to join the private equity and hedge ...
Fortune Magazine recently published an article outlining New Jersey's pension dilemma. Based on the information in this article, it appears that New Jersey could very well be the canary in the coalmine when it comes to the widespread pension crises ...
The steep market declines over the past year have left many state and local governments struggling with severely underfunded pension plans. The Wall Street Journal reported today that several states and municipalities are considering extreme measures to address pension shortfalls ...
Roger Lowenstein's latest book, "While America Aged" provides thee compelling case studies of pension funds that impacted private industry and government, and provides a prescription for reforms to fix the system ...