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Showing results 1 to 25 of 110
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Search: Posts Made By: StillCrazed
Forum: Pension - Social Security 10-19-2018, 03:43 PM
Replies: 756
Views: 193,306
Posted By StillCrazed
If public pension plans had any integrity about...

If public pension plans had any integrity about actuarial assumptions, maybe they could offer to take over the Sears plans and invest at 7+ % interest to cover the liabilities.
Forum: Pension - Social Security 10-15-2018, 02:29 PM
Replies: 1,572
Views: 97,471
Posted By StillCrazed
Latest report goes into some detail, showing $15...

Latest report goes into some detail, showing $15 million was charged for individuals who exceeded "normal activity", including excessive pay raises and too much sick leave pay among others. I still...
Forum: Pension - Social Security 10-14-2018, 03:52 PM
Replies: 1,572
Views: 97,471
Posted By StillCrazed
Can someone explain how the Illinois spiking...

Can someone explain how the Illinois spiking penalty is calculated with an example?
Forum: Pension - Social Security 10-14-2018, 03:49 PM
Replies: 1,223
Views: 227,770
Posted By StillCrazed
And those 6 million often whine that they don't...

And those 6 million often whine that they don't get subsidized SS benefits. But the tax rate is really 12.4%. The self-employed know that, and the employers know that, too.

My theory is that...
Forum: Pension - Social Security 10-12-2018, 07:53 PM
Replies: 1,572
Views: 97,471
Posted By StillCrazed
Re: Illinois Schools Spiking: The proper cost is...

Re: Illinois Schools Spiking: The proper cost is the increased value of the benefit, payable immediately, valued using the credit-worthy interest rate of the sponsor. If a benefit spiked by $200,...
Forum: Pension - Social Security 10-12-2018, 03:17 PM
Replies: 1,572
Views: 97,471
Posted By StillCrazed
On the Illinois spiking bill implemented for...

On the Illinois spiking bill implemented for 2018, it makes the local districts responsible for gaming the system while using "other people's money" and gives a direct consequence for the actions of...
Forum: Pension - Social Security 10-12-2018, 01:49 PM
Replies: 0
Views: 118
Posted By StillCrazed
PBGC and underfunded plans

With the new pension tax of $80 per participant, plus 4.3% on underfunded single-employer plans, there is an immediate reward of funding the plan more completely. The penalty rate now exceeds the 10...
Forum: Pension - Social Security 10-02-2018, 01:23 PM
Replies: 1,572
Views: 97,471
Posted By StillCrazed
Yeah, Fed Reserve

The economists are finally weighing in.
Their theory bears some resemblance to market valuation of liabilities.

From what I read, they say that PBO measurement is more relevant than ABO...
Forum: Pension - Social Security 09-28-2018, 05:56 PM
Replies: 1,572
Views: 97,471
Posted By StillCrazed
Actuaries in the Public Plan Business

I would be interested in the economic value of actuarial services for public plans.

What is the annual revenue, separately by firm and by plan?
What is the actuarial fee expense of plans compared...
Forum: Pension - Social Security 09-17-2018, 01:45 PM
Replies: 581
Views: 130,053
Posted By StillCrazed
If the participants in Central States are worried...

If the participants in Central States are worried about job loss, then they should negotiate higher contributions to their plan. Their risk - their responsibility
Forum: General Actuarial 09-17-2018, 01:30 PM
Replies: 8
Views: 742
Posted By StillCrazed
Thanks for asking. The pension/Social Security...

Thanks for asking. The pension/Social Security forum has lots of discussion on these types of plans. In general, public school educators are in pension funds where the administrators are very...
Forum: Pension - Social Security 09-13-2018, 01:33 PM
Replies: 1,223
Views: 227,770
Posted By StillCrazed
I find in real life that people delay taking...

I find in real life that people delay taking benefits because they already have an adequate income. Those already in a disabled or impaired condition want their benefits ASAP. People who can...
Forum: Pension - Social Security 09-11-2018, 06:19 PM
Replies: 29
Views: 2,484
Posted By StillCrazed
wasn't aware of the other post, sorry.

wasn't aware of the other post, sorry.
Forum: General Actuarial 09-11-2018, 06:15 PM
Replies: 14
Views: 2,802
Posted By StillCrazed
Just got notice from ACOPA. AAA pushed ACOPA and...

Just got notice from ACOPA. AAA pushed ACOPA and CCA off the bus. Why?

So I read the position papers of Mr. Alpert. Strong advocacy of higher standards in some areas of practice were noted, and...
Forum: Pension - Social Security 09-11-2018, 05:52 PM
Replies: 29
Views: 2,484
Posted By StillCrazed
Go home ASPPA

Just got notice from ACOPA. AAA pushed ACOPA and CCA off the bus. Why?

So I read the position papers of Mr. Alpert. Strong advocacy of higher standards in some areas of practice were noted, and...
Forum: Pension - Social Security 08-27-2018, 03:42 PM
Replies: 6
Views: 580
Posted By StillCrazed
Another point: looking at the A/E of the normal...

Another point: looking at the A/E of the normal retirement benefit, you compare that with the benefit from the regular formula. Some plan documents require that comparison year by year, while some...
Forum: Pension - Social Security 08-27-2018, 03:39 PM
Replies: 6
Views: 580
Posted By StillCrazed
A benefit that starts 4-2011 would be the...

A benefit that starts 4-2011 would be the actuarial equivalent of the normal retirement benefit, i.e., the reduction of the eventual benefit, but only if the plan provided for early retirement. ...
Forum: Pension - Social Security 08-15-2018, 08:51 AM
Replies: 29
Views: 2,484
Posted By StillCrazed
On further reflection, both the NY Times case and...

On further reflection, both the NY Times case and the Manhattan Ford case make sense. While neither is helpful to the pension funds and their participants, both were based on a craven political...
Forum: Pension - Social Security 08-15-2018, 08:43 AM
Replies: 29
Views: 2,484
Posted By StillCrazed
Another perspective is at play: looking at the...

Another perspective is at play: looking at the reasoning in the UAW 259 withdrawal litigation, judges seem to be influenced by the Concrete Pipe case, where the actuary's best estimate weighs on the...
Forum: Pension - Social Security 08-14-2018, 04:03 PM
Replies: 267
Views: 49,041
Posted By StillCrazed
An assumption that govt resources will have...

An assumption that govt resources will have eternal growth well in excess of projected national economic growth... hmmmm, is that realistic?
Maybe some actuaries are being too optimistic in their...
Forum: Pension - Social Security 08-14-2018, 01:30 PM
Replies: 1,572
Views: 97,471
Posted By StillCrazed
I wonder if any serious economic projections have...

I wonder if any serious economic projections have been made on the resources expected for government populations and payrolls based on the actuarial assumptions in the major public. church, and...
Forum: Pension - Social Security 08-14-2018, 01:29 PM
Replies: 267
Views: 49,041
Posted By StillCrazed
I wonder if any serious economic projections have...

I wonder if any serious economic projections have been made on the resources expected for government populations and payrolls based on the actuarial assumptions in the major public. church, and...
Forum: Pension - Social Security 08-09-2018, 05:46 PM
Replies: 581
Views: 130,053
Posted By StillCrazed
It would be helpful to have a new disclosure for...

It would be helpful to have a new disclosure for underfunded MEPs: "The liability for retired and separated employees in the XYZ plan exceed the value of plan assets. All contributions made for the...
Forum: Pension - Social Security 08-07-2018, 04:20 PM
Replies: 29
Views: 2,484
Posted By StillCrazed
A twist to the concept

It is interesting that the IRDM battle between sycophants and hardliners has become very predictable. The PIOnline article did a good job of getting quotes from the syco crowd.

The syco crowd is...
Forum: Pension - Social Security 08-03-2018, 06:11 PM
Replies: 29
Views: 2,484
Posted By StillCrazed
One additional point comes to mind after reading...

One additional point comes to mind after reading the comment letters.

IRDM as a disclosure would be a consistent measure for the pursuit of public policy.
If you don't have enough funds to meet...
Showing results 1 to 25 of 110

 

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