Thank you David. I still have much to learn about how these things are handled, but I do believe that those two areas are isolated, at least officially, on the ledger. The investment performance does not have a direct tie to employee benefits or staffing issues, I think.
But I do appreciate your thinking this through with me.
Another 30% gain in a pension portfolio in 2021! As I recall, these profits were partly driven by government infusions into the market to offset losses from lockdowns and restricted economic activity. But some of the windfall must be based on speculation that pension membership would be decreasing soon, which would mean long-term fewer payouts (i.e., gains for the fund).
I wonder if the very large “taketh” loss the following year reflects the higher number of payouts which the increased member mortality necessitated -- a short-term loss that would be made up over time as sufficient extra deaths (earlier than expected) begin to reduce future payouts?
Thanks for this helpful comment. So the financial complexities probably mean that interpretation will need to be made with care. However the movement of funds over these dates is telling and I am glad csofand is recording and investigating this. I expect with time the picture will become clearer. He/she is doing great work, work that most of us cannot do.
Thank you David. I still have much to learn about how these things are handled, but I do believe that those two areas are isolated, at least officially, on the ledger. The investment performance does not have a direct tie to employee benefits or staffing issues, I think.
But I do appreciate your thinking this through with me.
You have uncovered some really telling information here. All very sad though, these are real people.
Yes, truly disheartening. I am kind of dreading looking at the rest of that life insurance data in detail.
https://x.com/newstart_2024/status/1968292764426092740
This interview with Larry Fink reveals how embedded Blackrock is in retirement issues and influencing longterm government policy.
I would say the very same.
Another 30% gain in a pension portfolio in 2021! As I recall, these profits were partly driven by government infusions into the market to offset losses from lockdowns and restricted economic activity. But some of the windfall must be based on speculation that pension membership would be decreasing soon, which would mean long-term fewer payouts (i.e., gains for the fund).
I wonder if the very large “taketh” loss the following year reflects the higher number of payouts which the increased member mortality necessitated -- a short-term loss that would be made up over time as sufficient extra deaths (earlier than expected) begin to reduce future payouts?
Thanks for this helpful comment. So the financial complexities probably mean that interpretation will need to be made with care. However the movement of funds over these dates is telling and I am glad csofand is recording and investigating this. I expect with time the picture will become clearer. He/she is doing great work, work that most of us cannot do.
AH! So many more deaths is so little time! 😥 Not good working for the U.S. Government! 😲
Even DEADLY! ☹