Speaking of pensions...
What are your thoughts on the BEA adding defined benefit pension deficits to national accounts reporting? It seems to be a footnote to their plan to capitalize R&D and Entertainment, but could have...
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CALPERS allowed government agencies to skip payments during the boom years and now has various pundits griping about the increased contributions now required. It was dumb, and no pension fund should be...
View ArticleRetired municipal fire department administrative services chief
This is precisely the absurd position that Congress has placed the postal service. We see how that is working out. - mike gramig
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While Moody's probable intent on this is to adjust credit ratings for municipal debt, possibly the greater service of this is to make discussions of pensions costs more transparent. Even if disputable,...
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