Andrew Biggs had another good article in the Wall Street Journal yesterday called “Why Public Pensions are so Rich”. The pay-wall is down so you can enjoy it. It reminded me to tell you that the LCPR (pension commission) begins meeting again on Tuesday nights at 5:00 pm, January 31st and throughout the session. Here [...]
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Pension Commission Update: Interim Hearings Take on “Big Issues” in Preparation for the 2012 Session.
In October, the commission heard testimony about changing the assumed rate of return on investments from 8.5% to a lower number (probably 8.0% but it Rep. King Banaian has sponsored a bill that would lower the rate to 7.5%); and it reviewed various hybrid pension plans being adopted around the nation. (A hybrid plan is part defined [...]
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