RESPONSES TO 2003 WILSHIRE REPORT ON STATE RETIREMENT SYSTEMS:
NCTR
Response to 2003 Wilshire Report and Gabriel,
Roeder, Smith & Company Letter
Expressing
their concerns regarding certain conclusions drawn in the 2003
Wilshire Report on State Retirement Systems,
both NCTR and Gabriel, Roeder, Smith & Company wrote responses
to Robert Nesbitt, Sr. Managing Director of Wilshire Associates,
Inc.
In general, they believe the report's alarmist
tone, selective use of statistics, and use of technical terms
without better explanation paints a misleading picture of state
and state teacher retirement plan funding. Consequently, its
findings can be easily interpreted as suggesting the plans
are in dire financial condition - as was reported by the Washington
Post and Chicago Sun-Times.
OPPOSITION STATEMENTS CONCERNING "PENSION LIBERATION:
A PROACTIVE SOLUTION FOR THE NATION'S PUBLIC PENSION SYSTEMS,"
BY PETER J.
FERRARA FOR THE AMERICAN LEGISLATIVE EXCHANGE COUNCIL (ALEC),
1997 AND 1998:
Thomas
J. Cavanaugh Letter and W.
Michael Carter Letter