Archive: Ashby Monk
The brief’s key findings are: Some state and local governments issue Pension Obligation Bonds (POBs) to raise cash to cover their required pension contributions. POBs allow governments to avoid increasing taxes in bad times and could reduce pension costs, but they pose considerable risks. Those who issue POBs are often fiscally stressed and not well-positioned…
The brief’s key findings are: Defined benefit pensions are waning due to financial volatility, regulations, and a changing economy. In the UK, pension buyouts – whereby sponsors pay an insurance company to take over plan assets and liabilities – have emerged to help manage the decline. In the US, policymakers resist buyouts, as they would…
