Category Archives: Unfunded liabiltiies

Is Detroit Really Rising?

I was perusing a recent article over at the Atlantic’s City edition entitled “How Detroit Is Rising,” noting the glowing opinions of various community groups in the city about their prospects. I found Detroit’s June 2011 audit from their website … Continue reading

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State Pension Funding Levels – What it Means for Citizens

One of the problems with the presentation of detailed financial information is that no matter how important the data is, its relevance becomes obscured by the method of presentation. I recently discovered Fusion Charts, and present information related to state … Continue reading

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Bankrupt Central Falls, RI, a “City with a Bright Future”

Bloomburg summarizes the bankruptcy filing of Central Falls, Rhode Island following the the failure of local law enforcement, firefighters, and city retirees to accept retirement benefit concessions. It marks the fifth such municipal bankruptcy this year. The city’s website still … Continue reading

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FASB GAAP vs. GASB GAAP (in the news, even!)

Rarely does accounting treatment make headlines, but Emil Henry’s “America’s Debt Ceiling Opportunity” provides some interesting commentary on a topic that hasn’t received much public attention during the current debt ceiling maelstrom.  The article advocates FASB GAAP be applied to … Continue reading

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Unfunded State Pension Liabilities Top $1.26 Trillion

From Bloomberg. The article blames the market’s performance in 2008 / early 2009 for the collapse in pension funds, citing a 19% fall in the median state fund’s value during 2009. However, lacking is a discussion of generous benefits promised … Continue reading

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