Pension Policy Brief Series
Our Public Pensions Policy Brief Series translates and communicates policy relevant economic research on public pension design for elected officials, legislative staff, and other policymakers.
This brief summarizes the policy analysis results of our previous three briefs. The reform considered here addresses governance through a structure to bring predictability (not stability) to pension contributions and retirement income. The idea of predictable, but not fixed, contributions and retirement income lies behind the fiscally solvent public pension systems such as Wisconsin and South Dakota. Read this policy analysis summary.
In this brief, we consider the impact of closing the DB plan on the remaining three constituencies: retirees, current public employees and taxpayers. Read more about Current Workers and Retirees.
This brief continues our analysis of public pension policy through the lens of the lifecycle model. We build on our previous brief by assuming (for illustrative purposes) that the plan is closed. We then explore the impact on future generations of unfunded pension liabilities. Read more about Public Pensions and Future Generations