A new report written by analyst Michael Cembalest at J.P Morgan discusses on going project entitled “The ARC and the Covenants”-ARC standing for “Annual Required Contribution”- which sole purpose is to assess unfunded pension and retiree health care obligations of US states. The current assessment explains that while “many...
The West Virginia state legislature saw a new bill that would in effect make it a criminal offense to fail to pay pension contributions. The bill forces public employers of retirement systems administered by the Consolidated Public Retirement Board (CPRB) to make required contributions or face the consequences. Check out...
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