Broken ARC, Broken Promises

5 Pages Posted: 4 May 2012

Date Written: May 3, 2012


It divides underfunded public pension plans into two categories those whose sponsors make the full Actuarially Required Contributions (ARC) and those who do not. While state and plan bankruptcy is being discussed, the author prefers a more incremental approach for the vast majority of plans whose sponsors make the ARC each year. However for the ones who have broken the ARC and are in deep trouble he introduces a new type of Federal Supervision under the PBGC as an alternative to Federal Bankruptcy.

Keywords: Public Pension Retirement

JEL Classification: H55, J26, J45

Suggested Citation

Tobe, Christopher B., Broken ARC, Broken Promises (May 3, 2012). Available at SSRN: or

Christopher B. Tobe (Contact Author)

Stable Value Consultants ( email )

Louisville, KY
United States

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