Headline: Bachrach’s proposal of federal intervention wrong for pensions
Publication: The Hill
Article Date: Nov 16, 2016
In this article penned by Hank Kim, Executive Director and counsel, National Conference on Public Employee Retirement Systems, Hank points out inaccuracies and exaggerations in an opinion by Ed Bachrach, the Founder and Chairman of the Center for Pension Integrity. Bachrach calls for federal intervention of Federal, State and local Public pension plans. This included recommending plans report the actual future cost of the benefits the plans are obligated to pay, not discounted by any expected earnings. Read article…