Authored by PERC staff, the PERC Blog focuses on policy issues including fiscal policy, Social Security and Medicare entitlement programs, income inequality and Federal Reserve policy.

Pensions Rescued by Borrowing: What Could Go Wrong with That?

Posted: October 02, 2018 by Dennis W. Jansen, Liqun Liu, Andrew J. Rettenmaier
A Tale of Two Cities   The dominant form of pensions for public sector workers are defined benefit plans. Such plans typically specify a retirement age and a benefit formula that determines the yearly payment to retirees. The benefit formulas are based on the number of years of employment, the average of their...
Tags: State and Local Pensions

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