The Pension Insider-logo

The Pension Insider

Government >

The first and only podcast that explores the complex world of public pensions ... and then explains why it matters to YOU.

The first and only podcast that explores the complex world of public pensions ... and then explains why it matters to YOU.
More Information

Location:

United States

Description:

The first and only podcast that explores the complex world of public pensions ... and then explains why it matters to YOU.

Language:

English


Episodes

Ep 4: Benefit Formulas: Race to the Top

7/2/2018
More
This episode is key to understanding the coming pension crisis. A big driver of higher retiree benefit payments is higher pension benefit formulas. Each formula has a “multiplier,” which started low but continued to grow, resulting in larger and larger pension amounts. Many rich formulas—with 3% multipliers—took effect after a decade of great investment returns in the 1990s. These formulas were “gifts from the pension gods.” When this happened, untold thousands of public employees’ past...

Duration:00:15:03

Ep 3: Promise Makers v. Promise Keepers

5/7/2018
More
The Pension Insider begins this episode by explaining his strategy of building knowledge “one layer at a time” and then promising that this knowledge will become increasingly practical to listeners. The coming pension crisis will affect you directly and indirectly. Public pension plans are governed by a Board of Retirement, consisting of appointed and elected trustees whose job it is to ensure retirees are paid. However, it is past politicians in your local government that created and...

Duration:00:20:16

Ep 2: Pensions: The Gift that Keeps on Giving

5/7/2018
More
This episode begins with a teacher protest in Kentucky. The teachers, in part, protested a legislative bill that would end the public pension plan for *new* teachers in 2019. But by this move, the legislature hoped to protect the severely underfunded pension plan and the promises made to existing members. The Pension Insider sees this as a prime example of short-term vs. long-term thinking. Today’s topic: What happens when a retiree dies? The surviving spouse of a pensioner will receive a...

Duration:00:07:47

Ep 1: Welcome to the Pension Insider Podcast

5/5/2018
More
Welcome to the Pension Insider Podcast, the first and only podcast that explores the complex world of public pensions … and then explains why it matters to YOU. In this kickoff episode, the Pension Insider introduces himself and shares the purpose of the podcast: to educate listeners about a coming crisis that has the potential to rip a financial hole in local cities, counties and states. Each episode will be about 10 minutes long and discuss a single subject. Today’s topic: What is a...

Duration:00:06:32