February 1996

Vindication for the DCRB

Washington, DC's embattled pension board cheers a positive report on its investment policy. But the federal budget battle put it at risk.

Source Taxation Axed

Passage of a bill prohibiting taxation of retirees' out-of-state income hands a victory to employers, retiree groups, and some states.

Progress Report for Public Pensions

Public pension funds crunched their own numbers last year, and came out in the black. They found that their funding ratios are going up, and their asset allocation is improving.

Progress Report for Public Pensions

Public pension funds crunched their own numbers last year, and came out in the black. They found that their funding ratios are going up, and their asset allocation is improving.

How the PPCC calclulates funding ratios

Public pension plans calculate their funding ratio by dividing their actuarial accrued liability (AAL) by the actuarial value of their assets. About 61% of plans in the Public Pension...

AMR Takes Off

American Airlines' investment services unit has parlayed a winning pension management strategy into success as a mutual fund operator. Now it wants to grow faster.