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Pension Questions

Larry Pollack

Essays on Retirement Plans and Pension Finance

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Artwork for Pension Questions

Latest Issues

Public Pensions: Actuarial "expected-return" discounting violates intergenerational equity

Actuarial discount rates inequitably shift cost and risk from earlier taxpayer generations to later ones

Taxes are paid in exchange for government services. Those taxes are used to pay the government employees who provide the services. The...

a year ago
8
2

Airline Pilots' New Defined Benefit (DB) Pension Plans

Photo by Daniel Shapiro on Unsplash

In 2023 and 2024, new defined benefit (DB) plans were established by some large, well-known corporations, prompting some to suggest that a pension comeback, exemplified by IBM re-opening its DB plan, may...

a year ago
1

Muddled Thinking About Defined Benefit Pensions – Part 2

An open letter to state and local government officials describing how to apply actuarial pension finance principles to pay for all governmental expenditures without taxes

Thanks for reading Pension Questions! Subscribe for free to receive...

a year ago
4
4

Muddled Thinking About Defined Benefit Pension Plans – Part 1

Photo by Sven Piper on Unsplash

Everybody Seems to Want a Defined Benefit Pension

On November 4, Boeing machinists approved a proposal to end a seven-week strike after two failed votes, the latest on October 23. The strike is estima...

2 years ago
4
6

Public Pensions – A Toolkit to Help Actuaries and Others Deceive the Public

It’s the new year and I’ve resolved to start this up again. I welcome disagreement and the calling out of my errors and requests for clarification in the spirit of trying to get things right.

In recent articles in The Opinion Pages and Reg...

2 years ago
3
2

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  • Larry Pollack

    Independent pension actuary and consultant; close follower of the Retirement Industrial Complex

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