Hedge funds are not the panacea for every pension-fund deficit, nor are they the cause of every ill in the financial markets.
The number of people of working age for every person of state pension age is projected to fall from 3.2 to 2.7 in 2037, taking into account planned changes to eligibility for the state pension.
GM, which has two-and-a-half pensioners for every employee, reckons pensions and health-care benefits add $1,000 to the cost of each car it makes.
In that time we have also seen the number of people in the labour force for every person on the aged pension drop from 5.4 to 5.2.
The ageing of the population comes in sharp focus when you look at the ratio of those on the pension and those in the labour force: Twenty years ago there were almost six people in the labour force for every person on the age pension.
Bob Diamond defended financial innovation saying there is a real purpose for structuring credit for pension funds.
But that change would mean finding an additional $1.9 billion for the pension system every year, a huge amount for a city already depositing more than a tenth of its budget — $7.3 billion a year — into the funds.
DealBook » Square Hires Facebook's Director of Advertising Products | ALLTHINGSD Moodydy's Shows Wider Pension Gap for States | Moody's Investors Service released numbers showing that states may be misstating what they owe retirees, averaging just 48 cents for every dollar of pensions they have promised.
Moody's Investors Service, dissatisfied with the way states measure what they owe their retirees, released its own numbers on Thursday, showing that the 50 states have, in aggregate, just 48 cents for every dollar in pensions they have promised.
DealBook » Ratings Service Finds Pension Shortfall | Moody's Investors Service, dissatisfied with the way states measure what they owe their retirees, released its own numbers, showing that the 50 states have, in aggregate, just 48 cents for every dollar in pensions they have promised.
By 2002, the railways had 73 pensioners for every 100 employees, and pensions consumed nearly 15% of revenues.
