The State of Public Pension Funding: Are Government Employee Plans Back on Track?

20 Pages Posted: 23 Aug 2017

Date Written: September 8, 2015

Abstract

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

Biggs, Andrew G., The State of Public Pension Funding: Are Government Employee Plans Back on Track? (September 8, 2015). Available at SSRN: https://ssrn.com/abstract=3024261 or http://dx.doi.org/10.2139/ssrn.3024261

Andrew G. Biggs (Contact Author)

American Enterprise Institute ( email )

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Washington, DC 20036
United States
202-862-5841 (Phone)

HOME PAGE: http://www.aei.org

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