Pressure to control the public cost of pensions for police officers and firefighters is intensifying as city governments face reduced tax revenue and increased pension-fund contributions.
The unfunded ratios of many public pension funds “have dropped below 60 percent, meaning the assets are less than 60 percent of the present value of the liabilities. It’s frightening,” said Neil Useden, co-owner of ERISA Pension Systems, a North Miami firm that manages retirement plans for small professional firms.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
