Authored by PERC staff, the PERC Blog focuses on policy issues including economic trends, 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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