The Public Employee Pension Crisis Explained
The threats to America’s fiscal stability are numerous and well-known—the country is more than $17 trillion in debt, with a projected deficit of $649 billion in fiscal year 2014, and it has a social...
View ArticleAddressing Common Objections to Shifting from Defined-Benefit Pensions to...
IntroductionState and local governments are facing difficult budgetary choices as government sponsored and maintained pension systems’ costs are skyrocketing and unsustainable, endangering other...
View ArticlePension Debt: Omaha's Billion Dollar Problem
Platte Institute & Reason Foundation The city of Omaha pension system’s two plans are currently facing four problematic trends:Pension Benefit Promises are Growing Faster than Pension AssetsOmaha...
View ArticleA Response to the Defense of Status Quo for Failing Pension Systems
Opponents of pension reform in Nevada seem unwilling to admit that the system is broken and that its significant unfunded liabilities will impair state and local governments’ ability to provide basic...
View ArticleBest Practices for Setting Public Sector Pension Fund Discount Rates
What are the accrued liabilities of America’s public sector pension systems? This is far from a straightforward, arithmetic matter. Depending on whom you ask, the 50 states have accumulated pension...
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Did Pension Reform Improve the Sustainability of Pension Plans?
Can closing a defined benefit pension plan to new hires and replacing it with a defined contribution plan help improve the solvency and sustainability of a state’s retirement system finances?In 1996...
View ArticlePension Debt: The Billion Dollar Problem Still Threatening Omaha
Since 2007, Omaha’s pension plans have been assuming that investment returns on the assets of pension fund members would earn an average return of 8% a year. In 2015, however, the plans earned a...
View ArticlePension Debt: The Still Unsolved Problem Threatening Lincoln
The Lincoln Police and Fire Pension Fund (PFPF) defined benefit pension plan has just under 600 active members and nearly 400 retirees. The city reported earlier in 2016 that it has promised an...
View ArticleSimulation Models Illuminate Risks Faced by Public Pension Plans
Last year, the Rockefeller Institute of Government released a paper showing how underfunding risks are significantly increased through funding practices commonly employed by public pension plans, such...
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