Tag Archives: Pension/OPEB Task Force

Lock it up

Posted on April 9, 2017 by Robert Sullwold

If we recall correctly, it was Al Gore who first introduced the concept of a “lock box” into the political lexicon. The idea was to put certain governmental funds beyond the reach of Congress so that the money could be … Continue reading →

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Whom do you trust?

Posted on May 3, 2015 by Robert Sullwold

All right, dear readers, the Merry-Go-Round has a question for you: Suppose you wanted an authoritative evaluation of the impact on the City’s financial condition of a proposed deal between the City and its public safety unions that establishes a … Continue reading →

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Fixing the OPEB problem — legally

Posted on April 5, 2015 by Robert Sullwold

This Tuesday, Council will get its first briefing on the “Other Post-Employment Benefits” problem – i.e., how much the City is paying, and how much it will pay in the future, for retiree health benefits. The former Council got a … Continue reading →

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How to solve the OPEB problem (Part II)

Posted on July 22, 2013 by Robert Sullwold

In yesterday’s post, we suggested that, if City Council truly is interested in solving Alameda’s “OPEB problem,” it ought to break the issue of “unfunded liabilities” into its two components.  Yesterday, we discussed “liabilities” – i.e., what the City owes … Continue reading →

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How to solve the OPEB problem (Part I)

Posted on July 21, 2013 by Robert Sullwold

If City Council truly is interested in solving Alameda’s “OPEB problem,” the first thing it needs to do is to define exactly what problem it wants to solve. The actuaries tell us that, as of January 1, 2011, the City … Continue reading →

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