The State of Public Pension Funding: Are Government Employee Plans Back on Track?
20 Pages Posted: 23 Aug 2017
Date Written: September 8, 2015
The public-sector pension industry is claiming a comeback from losses suﬀered during the Great Recession. But this recovery is greatly exaggerated: even years past the end of the recession, most pension sponsors are unable to their full annual contributions, and pensions are taking as much investment risk as ever. The first step to eﬀective pension reforms is an honest, accurate view of the costs and risks that public plans impose on government budgets and taxpayers.
Keywords: Public Sector Pensions, State and Local Government Finance, Retirement Plans
JEL Classification: H55
Suggested Citation: Suggested Citation