Tag: public pensions
The brief’s key findings are: A new analytical tool tells a clear story of why unfunded liabilities rose during 2001-2013. The primary factor was investment returns that fell short of expectations due to the two financial crises. A secondary factor was that many plans failed to make adequate contributions, a more serious problem among the worst-funded plans. This…
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…
