Tag: actuaries
Revenues could serve as a down payment, but enhancements that expire in 5 years could create real problems. Congressman John Larson (D-CT), Chair of the House Ways and Means Subcommittee on Social Security, recently released his 2021 version of the 2019 Social Security 2100 Act. The earlier version, which was introduced jointly with Senators Richard…
Year-to-year changes in unfunded liability show why sponsors are falling short. The actuarial community seems awash with studies and reports about how actuaries could provide more guidance with respect to the funding of public pension plans. This activity is driven by the drop in funded levels in the wake of two financial crises, the budgetary…
