Brynjulfson CPA, P.A.

10/13/2017

CalPERS' FUNDING RISK-MITIGATION POLICY to provide less volatility in contribution rates for employers.

10/13/2017

Accounting for Capital Assets from the

10/07/2017

Retweeted GFOA ():

Announcing first-time award winners! https://t.co/Zqzedt2POM https://t.co/hqz7LSrmLF

The GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program (CAFR Program) in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial rep...

09/28/2017

Price tag for Kentucky’s ailing pensions could hit $5.4 billion over next two years

Kentucky’s General Assembly will need to find an estimated $5.4 billion for the pension systems for state workers and school teachers in the next two-year state budget, officials told the Public Pension Oversight Board on Monday.

09/21/2017

Americans Don’t Grasp The Magnitude Of The Looming Pension Tsunami That May Hit Us Within 10 Years

This time is different are the four most dangerous words any economist or money manager can utter. We learn new things and invent new technologies. Players…

09/21/2017

This $700 Billion Public Employee Ticking Time Bomb Is Only 6.7% Funded; Most States Are Under 1% | Zero Hedge

While the scale of the public pension underfunding is unprecedented, with estimates ranging from $3 - $8 trillion, there is another taxpayer-funded retirement benefit that has been promised to union workers over the years that puts pensions to shame...at least on a percentage funded basis.

08/30/2017

Pension Consultant Offers Dire Outlook For Kentucky: Freeze Pension And Slash Benefits Or Else | Zero Hedge https://t.co/yORJrY25aG

Study: Doping Western Cultures With Oxytocin Will Cure Hatred Of Refugees by ZeroPointNow - Aug 29, 2017 2:20 PM "Given the right circumstances, oxytocin may help promote the acceptance and integration of migrants into Western cultures."

08/20/2017

Mastermind of massive lottery fraud faces up to 25 years in prison https://t.co/mTbitLIBFw

The computer programmer who pulled off a crazy, multi-state lottery scheme could get hit with a whopping 25-year prison sentence.

07/27/2017

Why Illinois Is In Trouble - 63,000 Public Employees With $100,000+ Salaries Cost Taxpayers $10B via https://t.co/foztQG7dFd

Illinois is one of the worst offenders. We found auto pound supervisors in Chicago making $144,453; nurses at state corrections earning up to $254,781; junior college presidents making $465,420; university doctors earning $1.6 million; and 84 small-town “managers” out-earning every U.S. governor.

07/01/2017

"From Horrific To Catastrophic": Court Ruling Sends Illinois Into Financial Abyss | Zero Hedge https://t.co/0Eethjl7du

“Friday’s ruling by the U.S. District Court takes the state’s finances from horrific to catastrophic,” Comptroller Susana Mendoza, a Democrat, said in an emailed statement after the ruling. "Ppayments to the state’s pension funds; state payroll including legislator pay; General State Aid to schools…

06/30/2017

Retweeted GFOA ():

Caution is needed with obligation bonds. See our advisory: https://t.co/TQobEwAP9z https://t.co/zjvPsEouPf

Get the whole picture - and other photos from GFOA

03/03/2017

Pension Benefit Guarantee Corporation Running Out of Cash, Millions Affected https://t.co/aQ7Xm7yjhD via

The Pension Benefit Guarantee Corporation (PBGC), an entity created to “guarantee” pensions of private corporations, is on the verge of bankruptcy.