EMAIL DETAILS
SUBJECT:
Interesting Articles on the Pension Liability Crisis
PRI: NORMAL
FROM:
N
ncallahan@rosemontseneca.com
DATE:
2010-10-16 18:09:14
MSG_ID:
<002901cb6d5d$3f01a690$bd04f3b0$@com>
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TO:
A
'Arlene Busch'
<abusch@rosemontseneca.com>
A
astanton@rosemontseneca.com
E
'Eric Schwerin'
<eschwerin@rosemontseneca.com>
H
'Hunter Biden'
<hbiden@rosemontseneca.com>
CC:
D
'Devon Archer'
<darcher@rosemontseneca.com>
CONTENT:
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PROCESSED
From this week's Economist. 55% of all Ohio's tax receipts will go to pay pension benefits . . . New Jersey's pension plan will run out in 8 years and is on a plan assuming 8% annual return. If NJ changes their return assumptions which they should, they will run out of money in 3-4 years. ---------------------------------------------------------------------------- -------------- Neil Callahan Rosemont Seneca 401 Greenwich Street, Suite 400 | New York NY 10013 | 212-933-9965 | 212-796-4037 1010 Wisconsin Avenue, Suite 705 | Washington DC 20007 | 202-333-1880 917-945-9516 (mobile) 866-749-8879 (fax)
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