The best state pension plan is only 42% funded
On My Radar: Stick With the Drill – Stay Wary, Alert and Very, Very Nimble by
Chairman & CEO
CMG Capital Management Group, Inc.
March 4, 2016
was in Florida this week attending the 32nd Annual Chicago Board of Options Exchange (CBOE) Risk Management Conference. Attendees were mostly asset managers and larger pension and endowment managers. Several comments stood out to me; particularly the one above from Paul R.T. Johnson, Jr., Board Member of the State University Retirement System. “42% funded?” He added that the good news is that his is the most funded of all the states. Yikes.
The state government will need roughly $131 billion to cover benefits already earned by public workers, with only...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
