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Course Welcome
Chapter 1 Overview
Problem: Unfunded Liabilities
Problem: Unrealistic Investment Assumptions
Problem: Unrealistic Other Assumptions
Problem: Interest on the Debt
Problem: Governments Not Paying the Bill
Problem: Investment Fees
Problem: Insolvency
Chapter Conclusion
Chapter 2 Overview
Hidden Education Funding Cuts
Benefit Cuts: COLAs
Benefit Cuts: For New Members
Pay Cuts: Member Contribution Increases
Increased Investment Risks and Reduced Transparency
The Soundboard
What Money Problem Are You Trying to Solve?
The Dials on the Pension Funding Soundboard
Tuning the Pension Soundboard
Funded Ratio Target
Assumed Rate of Return Adjustment
Contribution Rates & Supplemental Contributions
Asset Allocation for Investments
Amortization Timeline
Payroll Growth Assumption
Risk-Management Tools
Chapter 4 Overview
Who Pays? State, Employers, Members
How to Spread out the Payments
When Should Payments Take Place?
“Legacy Policy” and “Go Forward Policy”
Course Completion
