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Forum: Pension - Social Security 06-20-2018, 04:05 PM
Replies: 515
Views: 110,503
Posted By StillCrazed
It would be interesting to trace the individual...

It would be interesting to trace the individual equity values for participants in one of the failing plans. By individual equity, I define the economic value of a participant's accumulated...
Forum: Pension - Social Security 05-11-2018, 03:20 PM
Replies: 515
Views: 110,503
Posted By StillCrazed
Is there any way to determine how much was...

Is there any way to determine how much was contributed each year or in total for this retiree's career? Did his union promise that his payment for other retirees would be covered by current workers?
Forum: Pension - Social Security 05-02-2018, 01:21 PM
Replies: 974
Views: 198,120
Posted By StillCrazed
Grammar Policing is fun

"Your dead" include all your family and friends who have passed.
"You're dead" includes you.
Forum: Pension - Social Security 04-27-2018, 01:35 PM
Replies: 983
Views: 44,802
Posted By StillCrazed
Collier's piece

It would be helpful to remind Mr. Collier that union lobbying is why public pensions are underfunded. Their leaders picked cooperative actuaries to over-promise benefits and understate funding. ...
Forum: Pension - Social Security 04-10-2018, 03:04 PM
Replies: 983
Views: 44,802
Posted By StillCrazed
KENTUCKY Governing: comments ...

KENTUCKY

Governing: comments
...
Forum: Pension - Social Security 03-19-2018, 02:03 PM
Replies: 515
Views: 110,503
Posted By StillCrazed
A bid to show how the smart people who caused the...

A bid to show how the smart people who caused the problem can stay relevant.
If you over promise benefits based on optimism beyond the ability of the economy, does that make you an expert or a...
Forum: Pension - Social Security 03-05-2018, 03:07 PM
Replies: 177
Views: 48,249
Posted By StillCrazed
Typical power play. You have rights until you...

Typical power play. You have rights until you try to use them.
Forum: Pension - Social Security 02-28-2018, 03:45 PM
Replies: 177
Views: 48,249
Posted By StillCrazed
The Illuminati ?

Apparently, Karen Smith reports that the ASB will be meeting in closed session without members being able to observe or comment.

What explanation is given for this "star chamber" approach?
Forum: Pension - Social Security 01-22-2018, 01:08 PM
Replies: 983
Views: 44,802
Posted By StillCrazed
State-tax-free pensions

There is also the migration issue. State exemption only helps if you stay in state for your tax filing.
CA has high state income taxation, with benefits fully taxable. So people have migrated away...
Forum: Pension - Social Security 01-03-2018, 01:46 PM
Replies: 1
Views: 953
Posted By StillCrazed
http://www.fsco.gov.on.ca/en/pensions/actuarial/Do...

http://www.fsco.gov.on.ca/en/pensions/actuarial/Documents/2016DBFundingReport.pdf

This is the most recent report from Ontario. It appears that local/regional plans pick their own rates. Start...
Forum: Pension - Social Security 12-05-2017, 07:41 PM
Replies: 974
Views: 198,120
Posted By StillCrazed
So a good partisan name-calling event makes you...

So a good partisan name-calling event makes you feel better about the 2037 deficit?
Forum: Pension - Social Security 11-13-2017, 06:51 PM
Replies: 1,782
Views: 120,105
Posted By StillCrazed
Nice for the employees, but too bad the actuaries...

Nice for the employees, but too bad the actuaries lied to the taxpayers.
DB plans do a lot if you can afford them, and your public employee judges are going to protect you. So the only choice...
Forum: Pension - Social Security 11-10-2017, 01:10 PM
Replies: 1,782
Views: 120,105
Posted By StillCrazed
Kentucky teachers respond.

typically self-righteous public employee response that leaves the existing problem intact, forcing the taxpayers to take all risk.
Where were they when the underfunding developed?
Forum: Pension - Social Security 11-10-2017, 01:07 PM
Replies: 2
Views: 607
Posted By StillCrazed
But the critical question concerns...

But the critical question concerns post-retirement and pre-retirement death benefits. If there is forfeiture on death benefit between NRD and actual retirement, then N/N makes sense. If there is a...
Forum: Pension - Social Security 11-10-2017, 01:04 PM
Replies: 2
Views: 773
Posted By StillCrazed
When you look back to the legislated $90,000...

When you look back to the legislated $90,000 amount, you will note that the base is fixed from that indexing date. Don't change it.
Forum: Pension - Social Security 10-17-2017, 04:20 PM
Replies: 3
Views: 543
Posted By StillCrazed
Seems like an artificial technique to me. ...

Seems like an artificial technique to me. Partial years, really?
However, I would use an interpolated table with monthly lx/qx values if call on to do so.
My research says that interpolated lx...
Forum: Pension - Social Security 10-11-2017, 01:38 PM
Replies: 718
Views: 173,067
Posted By StillCrazed
St Joseph's had an actuarial evaluation in 2011...

St Joseph's had an actuarial evaluation in 2011 that showed the plan was about 50% funded. Here's a link to that report:
https://emma.msrb.org/EA478611-EA371117-.pdf

The interest rates ranged in...
Forum: Pension - Social Security 09-19-2017, 02:26 PM
Replies: 2
Views: 1,074
Posted By StillCrazed
Post 2018 cola

http://www.napa-net.org/news/managing-a-practice/regulatory-compliance/a-boost-for-the-401k-limit/?mqsc=E3909970&utm_source=WhatCountsEmail&utm_medium=NAPA_Net_ListNapa-Net%20Daily&utm_campaign=2017-0...
Forum: Pension - Social Security 09-14-2017, 05:59 PM
Replies: 515
Views: 110,503
Posted By StillCrazed
It is just sad... trustees approved benefits...

It is just sad... trustees approved benefits above their ability to pay, and now must look for someone to fix their error. Govt, active participants, other employers, or retirees....Who will end up...
Forum: Pension - Social Security 09-11-2017, 02:53 PM
Replies: 515
Views: 110,503
Posted By StillCrazed
Love the excuses by the union guy.... "it's all...

Love the excuses by the union guy.... "it's all someone else's fault"
If you fund the benefits as promised, and fully pay any past service liabilities quickly, then you don't need excuses
Forum: Pension - Social Security 09-07-2017, 08:21 PM
Replies: 515
Views: 110,503
Posted By StillCrazed
The sad fact is that much of the liability...

The sad fact is that much of the liability belongs to the existing participants, because they and their representatives did not insist on adequate funding. The employers paid the demands. How can...
Forum: Pension - Social Security 09-07-2017, 02:19 PM
Replies: 515
Views: 110,503
Posted By StillCrazed
Segal again tries to pretend there is no problem....

Segal again tries to pretend there is no problem. Let me rephrase the quote: "more than 65% of pension funds did what they were expected to do, protect benefits and provide safe funding" sort of...
Forum: Pension - Social Security 09-07-2017, 02:15 PM
Replies: 11
Views: 1,303
Posted By StillCrazed
If this is a public plan, there may be no Social...

If this is a public plan, there may be no Social Security records. You can also file a request to the IRS for back tax years, since you can rely on the W-2 forms. In addition, I wonder if there was...
Forum: Pension - Social Security 09-01-2017, 06:43 PM
Replies: 4
Views: 928
Posted By StillCrazed
Looks like we can delay minimum funding deadline...

Looks like we can delay minimum funding deadline as well, but it does not say so explicitly.
Forum: Pension - Social Security 09-01-2017, 04:03 PM
Replies: 4
Views: 1,829
Posted By StillCrazed
Among the significant changes are: less savings...

Among the significant changes are: less savings for retirement, much lower health insurance premiums under Medicare, employment related costs such as commuting and clothing.
On the other hand:...
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