Thursday, June 23, 2011

Public Pension Reform

Financial planners Doug Gross and Mike McCarthy discuss the history of the Ann Arbor public employees pension troubles and the basic assumptions for funding a reasonable retirement. The Ann Arbor employees plan is compared to Governor Synder's plan.

Mr. Gross and Mr. McCarthy are founding members of the Public Employee Benefit Reform Council.  The PEBRC proposes pension reform by addressing:
1. Defined contribution and Percent Multiplier
2. Pension Spiking
3. Health Benefits
4. Impact of Retirement Age
5. Taxing Pensions

Part 1

Part 2

Part 3

Public Pension Reform with Doug Gross and Mike McCarthy was recorded in the CTN studios on May 23, 2011.

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