The Motley Fool Discussion Boards
Investment Analysis Clubs / Macro Economic Trends and Risks
|Subject: Re: Proposal to end public pensions||Date: 7/10/2013 12:03 PM|
|Author: steve203||Number: 428364 of 471498|
...that opens the municipality to future liability of unpaid benefits if the purchased policy fails to deliver for ANY reason.
Nope. That liability has been "tort reformed" away.
Pension Protection Act of 2006
Established safe harbor investments, also known as Qualified Default Investment Alternatives, to protect employers from liability of losses suffered by automatically enrolled employees
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|