Tag: state and local pension plans
The brief’s key findings are: Financially troubled state and local pensions may need to cut benefits for current workers, but such cuts could also induce some workers to leave. To assess this human resource impact, the analysis looks at a 2005 reform in Rhode Island that reduced benefits for some current workers. The results show…
An early look suggest that these investments have neither increased returns nor reduced volatility. My colleagues – JP Aubry and Anqi Chen – and I are just completing a study on the impact of changes in the investment portfolios of state and local pension plans. Since the financial crisis, public pension plans – like other…
