{"id":1638,"date":"2010-08-21T11:37:56","date_gmt":"2010-08-21T15:37:56","guid":{"rendered":"http:\/\/www.credittrends.com\/blog\/?p=1638"},"modified":"2010-08-22T21:21:11","modified_gmt":"2010-08-23T01:21:11","slug":"you-aint-seen-nothin-yet","status":"publish","type":"post","link":"https:\/\/www.credittrends.com\/blog\/2010\/08\/21\/you-aint-seen-nothin-yet\/","title":{"rendered":"You Ain&#8217;t Seen Nothin&#8217; Yet!"},"content":{"rendered":"<p>ALBANY &#8212; State Comptroller Thomas DiNapoli revealed plans yesterday to slash the state pension fund&#8217;s growth forecast for the first time in a decade amid growing concerns about exploding retirement costs.<\/p>\n<p><a href=\"http:\/\/www.credittrends.com\/blog\/2010\/08\/21\/you-aint-seen-nothin-yet\/2\/\"><span style=\"color: #ff0000;\">READ FULL ARTICLE<\/span><\/a><\/p>\n<p><!--nextpage-->The comptroller is considering cutting the $133 billion pension fund&#8217;s expected rate of return to as low as 7.5 percent, DiNapoli spokesman Robert Whalen said, a move that could sock local taxpayers with hundreds of millions &#8212; if not billions &#8212; of dollars in new costs.<\/p>\n<p style=\"text-align: center;\"><strong><em>Source: <a href=\"http:\/\/www.newyorkpost.com\/p\/news\/local\/low_pension_return_may_oak_taxpayers_sF9oJEnk8ySpdJwM6fPqWL\">New York Post<\/a>, August 21, 2010<\/em><\/strong><\/p>\n<p><strong><em>Wait till public companies begin biting the bullet. The adjustments to cash flow <\/em><\/strong><strong><em>and leverage ratios must be made now. Call us to learn how.<\/em><\/strong><\/p>\n<p>Please see our related articles on pensions and free cash flow implications of underfunding:<\/p>\n<ul>\n<li><a href=\"http:\/\/www.credittrends.com\/blog\/2010\/08\/11\/what-investors-don%e2%80%99t-understand-about-pension-plans\/\">What Investors Don\u2019t Understand About Pension Plans<\/a><\/li>\n<li><a href=\"http:\/\/www.credittrends.com\/blog\/2010\/07\/29\/pension-facts-why-the-hit-to-earnings-and-cash-flow-is-upon-us\/2\/\">Pension Facts: Why The Hit to Earnings and Cash Flow Is Upon Us<\/a><\/li>\n<li><a href=\"http:\/\/www.credittrends.com\/blog\/2010\/07\/15\/pensions-buyer-beware-the-firms-exposed-to-greater-risk\/\">Pensions-Buyer Beware<\/a><\/li>\n<li><a href=\"http:\/\/www.credittrends.com\/blog\/2010\/07\/08\/cnbc-strategy-session-underfunded-pensions-earnings-bombshell\/\">CNBC Strategy Session \u2013 Underfunded Pensions Earnings Bombshell<\/a><\/li>\n<li><a href=\"http:\/\/www.cnbc.com\/id\/38152067\">CNBC\u2019s Herb Greenberg \u2013 Underfunded Pensions are Red Flag for Investors<\/a><\/li>\n<li><a href=\"http:\/\/www.credittrends.com\/blog\/2010\/06\/10\/the-next-shoe-to-drop\/\">The Next Shoe to Drop?<\/a><\/li>\n<li><a href=\"http:\/\/www.credittrends.com\/blog\/2010\/06\/17\/the-other-shoe-part-ii\/\">The Other Shoe \u2013 Part 2<\/a><\/li>\n<li><a href=\"http:\/\/www.credittrends.com\/blog\/2010\/07\/08\/with-35-an-10-year-stock-returns-negative-why-are-pension-funds-assuming-8-returns\/\">With 3-, 5-, and 10-Year Stock Returns Negative: Why Are Pension Funds Assuming 8% Returns<\/a>?<\/li>\n<\/ul>\n<p>Disclosure: No positions<\/p>\n<p><a href=\"http:\/\/www.credittrends.com\/blog\/about\/\">Kenneth S. Hackel<\/a>, CFA<br \/>\nPresident<br \/>\n<a href=\"http:\/\/www.credittrends.com\/blog\/ct-capital-llc\/\">CT Capital LLC<\/a><\/p>\n<p><a href=\"http:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=CreditTrends&amp;loc=en_US\">Subscribe to CreditTrends.com by Email<\/a><\/p>\n<p><a href=\"http:\/\/www.amazon.com\/gp\/product\/0071744355?ie=UTF8&amp;tag=credtren-20&amp;linkCode=shr&amp;camp=213733&amp;adid=0VR08J2ZHP6QA42KSCDA&amp;creative=393185&amp;creativeASIN=0071744355\"><img loading=\"lazy\" decoding=\"async\" title=\"Security Valuation and Risk Analysis: Assessing Value in Investment Decision-Making\" data-src=\"http:\/\/www.credittrends.com\/blog\/wp-content\/uploads\/2010\/07\/Kens-Book4.jpg\" alt=\"\" width=\"96\" height=\"136\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" style=\"--smush-placeholder-width: 96px; --smush-placeholder-aspect-ratio: 96\/136;\" \/><noscript><img loading=\"lazy\" decoding=\"async\" title=\"Security Valuation and Risk Analysis: Assessing Value in Investment Decision-Making\" src=\"http:\/\/www.credittrends.com\/blog\/wp-content\/uploads\/2010\/07\/Kens-Book4.jpg\" alt=\"\" width=\"96\" height=\"136\" \/><\/noscript> <\/a><\/p>\n<p>If you are interested in learning how to analyze the pension plan, including plan accounting, effect on earnings, cash flow, financial structure and valuation, order \u201c<a href=\"http:\/\/www.amazon.com\/gp\/product\/0071744355?ie=UTF8&amp;tag=credtren-20&amp;linkCode=shr&amp;camp=213733&amp;adid=0VR08J2ZHP6QA42KSCDA&amp;creative=393185&amp;creativeASIN=0071744355\">Security Valuation and Risk Analysis<\/a>\u201d out this fall from McGraw-Hill.<\/p>\n<p class=\"facebook\"><a href=\"http:\/\/www.facebook.com\/share.php?u=https:\/\/www.credittrends.com\/blog\/2010\/08\/21\/you-aint-seen-nothin-yet\/\" target=\"_blank\" title=\"Share on Facebook\">Share on Facebook<\/a><\/p><div class=\"tweetthis\" style=\"text-align:left;\"><p> <a class=\"tt\" href=\"http:\/\/twitter.com\/home\/?status=You+Ain%E2%80%99t+Seen+Nothin%E2%80%99+Yet%21+https%3A%2F%2Fwww.credittrends.com%2Fblog%2F%3Fp%3D1638\" title=\"Post to Twitter\"><img decoding=\"async\" class=\"nothumb lazyload\" data-src=\"http:\/\/www.credittrends.com\/blog\/wp-content\/plugins\/tweet-this\/icons\/en\/twitter\/tt-twitter.png\" alt=\"Post to Twitter\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" \/><noscript><img decoding=\"async\" class=\"nothumb\" src=\"http:\/\/www.credittrends.com\/blog\/wp-content\/plugins\/tweet-this\/icons\/en\/twitter\/tt-twitter.png\" alt=\"Post to Twitter\" \/><\/noscript><\/a> <a class=\"tt\" href=\"http:\/\/twitter.com\/home\/?status=You+Ain%E2%80%99t+Seen+Nothin%E2%80%99+Yet%21+https%3A%2F%2Fwww.credittrends.com%2Fblog%2F%3Fp%3D1638\" title=\"Post to Twitter\">Tweet This Post<\/a><\/p><\/div><!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>ALBANY &#8212; State Comptroller Thomas DiNapoli revealed plans yesterday to slash the state pension fund&#8217;s growth forecast for the first time in a decade amid growing concerns about exploding retirement costs. READ FULL ARTICLE Share on Facebook Tweet This Post<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n<p class=\"facebook\"><a href=\"http:\/\/www.facebook.com\/share.php?u=https:\/\/www.credittrends.com\/blog\/2010\/08\/21\/you-aint-seen-nothin-yet\/\" target=\"_blank\" title=\"Share on Facebook\">Share on Facebook<\/a><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1638","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/posts\/1638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/comments?post=1638"}],"version-history":[{"count":0,"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/posts\/1638\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/media?parent=1638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/categories?post=1638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/tags?post=1638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}