In response to MISD’s release of an AEG study regarding Michigan’s MPSERS pension debt, Patrick Anderson stated: “This important report should give any taxpayer pause,” noted Patrick L. Anderson, Principal and CEO of Anderson Economic Group, “adding nearly $10 billion to taxpayer debt would be a serious blow to our state’s economy, and immediately overwhelm […]
Governor Gretchen Whitmer and leaders of the GOP-led Michigan House and Senate have recently considered proposals to postpone making required principal and interest payments on the unfunded accrued actuarial liability (UAAL) of the Michigan Public School Employee Retirement System (MPSERS). For all variations of this idea, the immediate results of such actions would be the […]
SEIU Local 503 is Oregon’s largest public services and care provider union, representing 72,000 people and 500 different job descriptions. SEIU retained Anderson Economic Group to provide the underlying calculations for an online pension benefit calculator that allows SEIU members to estimate their future retirement benefits upon retirement. We reviewed pension benefit formulas for PERS, […]
In Illinois, retirement benefits are provided to police officers and firefighters through local pension funds. As of the end of fiscal year 2017, there were 643 pension funds for police officers and firefighters across the state. State law places limits on the types of securities that these pension funds can own. These limitations are particularly […]
In Illinois, retirement benefits are provided to police officers and firefighters through local pension funds. The funds are regulated by state law, and managed by local boards of trustees. As of the end of fiscal year 2017, there were 643 pension funds for police officers and firefighters in Illinois. Policymakers over the last several years […]
“Anderson Economic Group examined what would happen if the state government voted to ease the investment restrictions on local pension funds with less than $10 million in assets — that is, allow them to invest more than the 40 percent of its funds in the stock market or to be able to diversify portfolios more […]