“It's clear to me when you do private equity well, you're making companies more efficient and helping them grow and become more profitable. That success means our investors - such as public pension funds - benefit, which contributes to the economic wealth of society.” WellsMeanHelpingGrowsWealthCompanyClearEconomicBenefitsFundInvestorsEfficientEquityProfitablePensionPrivate Equity Author:David Rubenstein
“The simple index fund solution has been adopted as a cornerstone of investment strategy for many of the nation's pension plans operated by our giant corporations and state and local governments. Indexing is also the predominant strategy for the largest of them all, the retirement plan for federal government employees, the Federal Thrift Savings Plan (TSP). The plan has been a remarkable success, and now holds some $173 billion of assets for the benefit of our public servants and members of armed services.” Has BeensStatesGovernmentNationsSimplePlansMembersBenefitsSolutionsStrategyInvestmentInvestingBillionsLocalsSavingCorporationsServantGiantsEmployeeRemarkableFundRetirementAssetsFederal GovernmentAdoptedSavingsPensionCornerstonesThriftPublic ServantsLocal GovernmentIndex FundsArmed ServicesGovernment EmployeesIndexingPension Plans Author:David F. Swensen
“Trust is about keeping commitments, but in many instances, circumstances change and organizations therefore shed commitments, things such as retiree medical benefits, pension obligations, and even employees without much remorse or maybe even hesitation.” CircumstancesBenefitsCommitmentOrganizationMedicalObligationInstanceEmployeeShedRemorseHesitationPension Author:Jeffrey Pfeffer
“The only way people can repay the debt is by cutting their living standards very drastically. It means agreeing to shift their pension plans from defined benefit plans - when you know what you're going to get - into just "defined contribution plans," where you put money in, like into a roach motel, and you don't know what's coming out.” PeopleKnowsWayMeanCuttingPlansBenefitsStandardsDebtDefinedContributionComing OutPensionRoachesMotelsPension Plans Author:Michael Hudson
“Careful economic research has shown public-sector workers receive a level of compensation, pension benefits, and retiree health coverage in excess of what comparable workers in the private sector enjoy. In some instances, the total premium can be 30 percent or higher.” EnjoyLevelsEconomicHigherBenefitsResearchPercentWorkersCarefulInstanceExcessCompensationCoveragePrivate SectorPensionPremiumPublic SectorHealth Coverage Author:Bob Beauprez