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“Everybody’s Not Going To Retire At The Same Time”: Actuary Evaluates Former Illinois Governor Edgar’s Pension Comments

  Last month, former Illinois governor Jim Edgar gave his thoughts on the state’s pension situation. He notably said he didn’t support the state’s pension reform law, and said the following: “I don’t think also you have to have 100 percent funding in the pension plan. Everybody’s not going to retire at the same time. I think you can ...
Pink Piggy Bank On Top Of A Pile Of One Dollar Bills

Are Pensions More Important To Retirement Security Than Data Shows?

Alan L. Gustman, Thomas L. Steinmeier and Nahid Tabatabai have authored a paper exploring the possibility that the importance of pensions, and the financial support they provide retirees, is understated in retirement income data. The paper, titled “Mismeasurement of Pensions Before and After Retirement”, was published in the Journal of Pension ...
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