Indeed: one of the confusing things about public sector pensions is that - while levels of benefit (i.e. final salary multiplied by years worked) are usually fairly similar - the extent to which the … (View Post)

In the late 1990s, a number of companies decided that... as equity markets had been so strong... well they should assume the market would be really strong in the future. When - of course - they shoul… (View Post)

Actuaries do this kind of thing all the time. There are standardized ways of measuring this stuff, and you update every year based on movements in the value of assets, changes in life expectancy, cha… (View Post)

Here's the thing: there's lots of corruption in the world, from the small to the big. There are imperfect democracies and imperfect people. Ukraine has its fair share of corruption, and tha… (View Post)

You mean, it's the kind of place that is full of people who make assumptions about others? (View Post)