Re: Interesting Articles on the Pension Liability Crisis

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abusch@rosemontseneca.com

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2010-10-16 18:21:11

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Alexandra Stanton <astanton@rosemontseneca.com>

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Eric Schwerin <eschwerin@rosemontseneca.com>

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Hunter Biden <hbiden@rosemontseneca.com>

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Neil Callahan <ncallahan@rosemontseneca.com>

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Devon Archer <darcher@rosemontseneca.com>

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Thanks for the article below. I believe this is the reason many are reaching out to HFs and PE funds. It's the only way they can attempt to reach their actuarial numbers.
Arlene Busch
202-333-1880
Abusch@rosemontseneca.com

-----Original Message-----
From: "Neil Callahan" <ncallahan@rosemontseneca.com>
Date: Sat, 16 Oct 2010 14:09:14
To: <astanton@rosemontseneca.com>; 'Arlene Busch'<abusch@rosemontseneca.com>; 'Eric Schwerin'<eschwerin@rosemontseneca.com>; 'Hunter Biden'<hbiden@rosemontseneca.com>
Reply-To: <ncallahan@rosemontseneca.com>
Cc: 'Devon Archer'<darcher@rosemontseneca.com>
Subject: Interesting Articles on the Pension Liability Crisis

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.

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Neil Callahan

Rosemont Seneca

401 Greenwich Street, Suite 400 | New York NY 10013 | 212-933-9965 |
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