Posts Tagged ‘pensions’

TX Rainy Day Fund Proposal

TX Rainy Day Fund Proposal

By The Banker | Blog Posts, Texas

Texas Comptroller Glenn Hegar proposed last month significant shifts in management of Texas’ Rainy Day Fund, and it’s all shockingly sensible. I say shockingly not as a diss against Hegar, but rather because my usual stance with respect to fiscal prudence among government leaders is an exasperated shrug. It’s usually “Oh, they went and did […]

Teachers and Their Retirement Problems

Teachers and Their Retirement Problems

By The Banker | Blog Posts, Personal Finance, Texas

A majority of people struggle to prepare financially for their retirement, but public school teachers and employees face a particularly difficult set of circumstances. I’m enough of a fiscally hard-assed finance guy to think that every public school teacher should self-fund his or her retirement to supplement their pension plan, which for people in my […]

Public Pensions - The Big Four In TX

Public Pensions – The Big Four In TX

By The Banker | Blog Posts, Texas

A key reason why I started a discussion of public pension funds in Texas by saying “Don’t Panic” is because 88% of Texans covered by a public pension plan are participants in one of just four plans, and the good news is that none of these four are in distress. Right now.  The largest four […]

Public Pension System Heuristics

Public Pension System Heuristics

By The Banker | Blog Posts, Texas

Douglas Adams’ Hitchhikers Guide To The Galaxy famously advised us on the book cover “Don’t Panic,” and I think that’s a useful starting point for discussing public pensions in Texas. You see, I started by wondering “should we panic?” when I began a personal project of studying public pensions, for a variety of reasonable suspicions, […]

You Want To See Something Really Scary?

You Want To See Something Really Scary?

By The Banker | Blog Posts, Investing

The headline is from The Twilight Zone movie, from when I was about 10 years old. As for the rest of the movie after that first moment, I experienced it as an audio-only event. I just stared down at my feet, too freaked out to look up above the seat in front of me. I […]