Posts tagged "public employees"
An often-stated goal of public employee pension systems is to achieve fully funded pension systems in 30 years. In a newly released paper with Robert Novy-Marx, covered in a New York Times article, we calculate the increase in contributions that will need to be devoted to these funds on an annual basis to achieve this goal, starting with... Read more »
Retirement-related programs for Illinois’ public employees have more than $140 BILLION in unfunded obligations and debt, which are growing every year. The three retiree health care plans for state workers, downstate teachers and community college workers account for $44 BILLION of those unfunded obligations. 100% PREMIUM SUBSIDY Government workers who participate in... Read more »