Pension funds: Woe is us | Arkansas Blog

Thursday, November 20, 2008

Pension funds: Woe is us

Posted By on Thu, Nov 20, 2008 at 6:54 AM

Private pension funds want relief from federal laws that require infusions of capital when values fall below sound levels. The drumbeat of expected bad news about public pension fund values in Arkansas raises again the question I raised days ago. I know there's a lot of money in those funds. But are the values at actuarily sound levels? And will the funds be asking for state money to maintain that soundness if the market collapse continues? If they do, where's the money going to come from?

These are not panic questions, just prudent ones.

Oh, wait, I know. We'll approve a bunch of corporate tax cuts, like Denny Altes proposed yesterday. THAT will trickle down prosperity on us all, right?

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