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Showing 1 - 10 of 17 results for "unfunded liabilities"

US state public pensions fragile: Report

ANDREW MCKEAN  |  TUESDAY, 11 OCT 2022
... shortfall, which means changing contribution rates or benefit values or both, the report propositioned. The total unfunded liabilities for state and municipal plans has increased from US$248.8 billion to US$933 billion in 2021. Equable estimates that ...

Is it time to lean on the Future Fund?

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... billion at last count at end of December. The Future Fund was set up in 2006, to support the government's unfunded liabilities. The legislation set two conditions for withdrawals: either the fund reaches a target asset level (as decided by the designated ...

US project to end pension politics

KANIKA SOOD  |  MONDAY, 30 APR 2018
... is more than 63% funded, if conservative actuarial assumptions are used. States alone have $6 trillion in unfunded liabilities - not counting the thousands of county and city pensions. It is advocating four core principles in public pension management ...

Government puts stopper on Future Fund drawdowns

ALEX BURKE  |  TUESDAY, 9 MAY 2017
... Future Fund Act 2006, drawdowns from the Future Fund were expected to commence at this point to meet the unfunded liabilities of Australian government defence and civilian superannuation schemes; this, however, was never a set requirement. According ...

Larry Fink warns of bubble in income assets

MARK SMITH  |  FRIDAY, 17 APR 2015
... investors: reach for yield and continue to fuel an expanding bubble, or remain on the sidelines and watch unfunded liabilities grow unchecked," Fink said, adding: "This increasingly desperate search for yield is now the greatest source of prudential ...

Vic to issue bonds to plug VisionSuper DB deficit

BEN COLLINS  |  THURSDAY, 21 JUN 2012
... agreements that sit behind this with councils and there is legislation with councils that require them to meet any unfunded liabilities. There are contracts between the parties," he said. Spence is also the chief executive of the Municipal Associations ...

End the factions: Shorten

RUTH LIEW  |  THURSDAY, 11 NOV 2010
... more united front, he also called superannuation an "unfinished symphony", in particular when it comes to unfunded liabilities. Shorten said the problems will only become more pressing over the next 15 years as the first wave of baby boomers retire ...

Fed's unfunded liabilities balloon to $80bn

ALEX DUNNIN  |  THURSDAY, 28 MAY 2009
... however said this move to more active management is inline with the fund's long established investment mandate. Unfunded liabilities surging faster than anticipated sets up a potential flashpoint between the Future Fund's board of guardians and the Rudd ...

DB super deficit rises to $25 bn

MICHAEL HOBBS  |  TUESDAY, 14 APR 2009
... benefit liabilities may have risen, the real issue could be public sector defined benefit schemes. "Whilst unfunded liabilities will become even more of a headache for companies running internal superannuation schemes in the current economic environment ...

Govt targets judge's super

ALEX DUNNIN  |  MONDAY, 8 DEC 2008
... will be much harder to attract quality candidates. The Government's proposal was sparked by concerns that unfunded liabilities of the judges super fund were becoming unsustainable because judges are retiring earlier. Unfunded super liabilities of other ...
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