Tag: local pension
The brief’s key findings are: Under financial pressure, U.S. state and local pension plans have curbed future benefit costs. But these changes have been ad hoc and unexpected. New Brunswick’s new Shared Risk model is designed to respond to shocks in a more orderly and predictable way and to help head off trouble in advanc…
The brief’s key findings are: This study examines the long-term effects of pension reforms on employer costs and on state budgets for a sample of 32 plans in 15 states. The results show: for most plans, the reforms fully offset or more than offset the impact of the financial crisis on the sponsors’ costs. for the sam…
