Response
to 2003 Wilshire Report on State Retirement Systems NCTR
has issued a response and Norm
Jones and Paul Zornof Gabriel, Roeder, Smith & Company have
written to Wilshire's Stephen Nesbitt, expressing their concerns
regarding certain conclusions drawn in the 2003 Wilshire Report
on State Retirement Systems. 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.
Statements in Opposition to "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.Cavanaugh
Letter, Carter
Letter