Tag: DB pension
Abstract In light of the recent concerns regarding the solvency of Social Security’s Old-Age, Survivors, and Disability Insurance (OASDI), private pensions may play an increasingly important role in the retirement welfare of U.S. retirees. However, the private pension landscape is also evolving in ways that may result in lower private pension wealth for retirees. On…
The brief’s key findings are: Both public pensions and municipal bonds are in the headlines. An important question is how pensions affect municipal bond rates. Our analysis of 37,500 bond issues found that pensions raise rates by a modest 3-7 basis points. However, if pension costs rise as a share of state budgets, this impact…
