US Public Pensions: Pension Liabilities Rise for Most of 50 Largest Local...
Source: Thomas Aaron, Jessica Raab, Timothy Blake, Moody’s Investors Service, Sector In-Depth, July 24, 2015 (subscription required) Pension burdens increased in fiscal 2013 for 31 of the 50 largest...
View ArticleState Financial Security Scorecards
Source: National Institute on Retirement Security, 2015 NIRS’ new State Financial Security Scorecards summarize the economic outlook for retirement security in every state. The two-page downloadable...
View ArticleLessons for Public Pensions from Utah’s Move to Pension Choice
Source: Robert L. Clark, Emma Hanson, and Olivia S. Mitchell, The Wharton School – University of Pennsylvania, Pension Research Council, WP2015-05, March 2015 From the abstract: This paper explores...
View ArticleExplaining the Decline in the Offer Rate of Employer Retirement Plans between...
Source: Teresa Ghilarducci and Joelle Saad-Lessler, ILR Review, Vol. 68 no. 4, August 2015 (subscription required) From the abstract: Workplace retirement plans (deferred compensation plans [DCs] and...
View ArticleIllinois Pensions in a Fiscal Context: A (Basket) Case Study
Source: Jeffrey R. Brown, Richard F. Dye, National Bureau of Economic Research (NBER), NBER Working Paper No. w21293, June 2015 From the abstract: Illinois’ public pensions are among the worst funded...
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Economic Indicator News
Source: National Association of State Retirement Administrators, 2015 NASRA tracks economic data that helps inform various aspects of the public pension community. Among the information considered most...
View ArticleDefined-Contribution Pensions Are Cost-Effective
Source: Josh B. McGee, Manhattan Institute, Civic Report, No. 100, August 2015 From the summary: In recent decades, U.S. private-sector employers have increasingly offered retirement benefits through...
View ArticleGASB Issues Several New Statements
Source: Government Accounting & Auditing Update, Vol. 26 no. 8, August 2015 (subscription required) Four new Statements addressing health insurance, other retiree benefits and a new hierarchy of...
View ArticleThe Interplay of Public Pensions and the Broad Economy
Source: Dennis Lockhart, Federal Reserve Bank of Atlanta, Speech to the Public Pension Funding Forum Speech – Berkeley CA, August 24, 2015 Atlanta Fed President and CEO Dennis Lockhart, discusses ways...
View ArticleRetirement Security Risks: What Role Can Annuities Play in Reducing Security...
Source: Diane Oakley, National Institute on Retirement Security (NIRS), Issue Brief, August 2015 From the press release: A new research brief finds that most public defined benefit (DB) pension plans...
View ArticleGetting it right! The positive impact of LAGERS defined benefit plan on the...
Source: Missouri Local Government Employees Retirement System, 2014 There is a common misconception that taxpayers bear all the costs of funding defined benefit public pensions. The truth is,...
View ArticleState Hybrid Retirement Plans
Source: National Association of State Retirement Administrators, NASRA Issue Brief, September 2015 From the introduction: Although hybrid plans have been in place in public sector retirement systems...
View ArticleWill the Average Retirement Age Continue to Increase?
Source: Matthew S. Rutledge, Christopher M. Gillis and Anthony Webb, Center for Retirement Research at Boston College, WP#2015-16, July 2015 From the abstract: Using Health and Retirement Study (HRS)...
View ArticleUS Public Pensions ‘On the Road to Recovery’
Source: September 21, 2015 After declines in funded levels over the past five years, state pensions are beginning to grow again, according to a new report. State pension funding is on the rise after...
View ArticleHow Has Shift to Defined Contribution Plans Affected Saving?
Source: Alicia H. Munnell, Jean-Pierre Aubry and Caroline V. Crawford, Center for Retirement Research at Boston College, IB#15-16, September 2015 The brief’s key findings are: Many believe that people...
View ArticleAs Retirees Outnumber Employees, Pensions Seek Saviors
Source: Liz Farmer, Governing, October 2015 Desperate for more money, public pension systems have been making high-risk investments hoping for a higher profit. But they may ultimately cost taxpayers...
View ArticleTaxes and Ability to Pay in Municipal Bankruptcy
Source: John P. Hunt, University of California, Davis – School of Law, Legal Studies Research Paper No. 463, July 20, 2015 From the abstract: Scholars and commentators have argued that municipalities...
View ArticleHow Does the Probability of a ‘Successful’ Retirement Differ Between...
Source: Jack VanDerhei, Employee Benefit Research Institute (EBRI), EBRI Notes, Vol. 36, No. 10, October 2015 From the abstract: This paper begins with a review of the previous academic literature and...
View ArticleWhy U.S. States Need Pension Waiver Credits
Source: Randall K. Johnson, Mississippi College School of Law Research Paper No. 2015-03 September 29, 2015 (subscription required) From the abstract: This article identifies a novel approach to public...
View ArticleFinal Report on Connecticut State Retirement Systems: SERS and TRS
Source: Jean-Pierre Aubry and Alicia H. Munnell, Center for Retirement Research at Boston College, November 2015 The report’s key findings are: – Connecticut’s pension systems for state employees and...
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