Word: employeees
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Even though the commitment is there, the money isn't. A study by analysts at Barclays Global Investors in San Francisco estimates that public-employee pension funds in the U.S. are short $700 billion. That's more than all state and local governments collected last year in property, sales and...
Some public-employee pension plans are well managed and adequately funded. Most are not. A study of 64 state pension systems by Wilshire Associates, an investment advisory company, found that 54 of them were underfunded by a total of $175.4 billion. The situation is even worse at the municipal level...
San Diego's excesses have attracted attention, but the city is hardly alone. The California Public Employees' Retirement System, better known as CalPERS, handed out a pension check last year for $272,200 to a retired university professor. A former water-district general manager collected $206,300. CalPERS, by the...
William J. Murphy, Harvard’s director of labor and employee relations, declined to comment last week on janitors’ wages because negotiations are still ongoing.
Is there really room for both? Did HIA really need to start a new magazine? As it stands, The Analyst distributes to every dorm room and panders to the uninformed with articles like “Employee Stock Options 101.” But if they want to be taken...