Posts Tagged ‘2014’

ASOP 27

The 2014 Enrolled Actuaries meeting kicked off with a review of ASOPs and I had a question about ASOP 27 as it applies to public plans.

 

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No Stomach for Real Pension Reform in New Jersey

In June, 2011 New Jersey made some modest reforms to the state’s pension system and also took away cost-of-living-adjustments (COLAs) on payouts.  At the time:

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COLAs will come back if the judicial system in this state works in any responsible manner (translation: 50/50 chance) essentially gutting those 2011 reforms and yet, as we found out earlier this afternoon, more needs to be done:

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