Designing Public-Sector Pensions for the 21st Century: A Risk-Managed Approach

Source: Roderick B. Crane, Michael Heller, Paul Yakoboski, TIAA-CREF Institute, May 2007

From the summary:
This paper examines many of the sometimes-controversial issues raised in discussions regarding the design and funding of retirement plans for public employees. However, it does so in a different way. By focusing on development of appropriate benefits and funding policies and the use of risk management principles, we hope to provide public sector policy makers a better way to develop sound and sustainable retirement benefit policies for state and local governments and their employees based on our organization’s nearly 90 years of experience providing retirement security to individuals working in the non-profit sector.

Leave a Reply