Are Public Pensions Keeping Up with the Times?

Source: Richard W. Johnson, Matthew M. Chingos and Grover J. “Russ” Whitehurst, Brown Center on Education Policy at the Brookings Institution, June 2013

From the summary:
…As debate swirls around how to properly fund public employee benefits, this report assesses the real challenges facing state and local government retirement plans and details the problems facing public employee pension systems across the country. Chingos, Whitehurst and Johnson’s comprehensive examination of the existing research on this topic highlights the many problems facing these pension plans, including the underfunding that threatens states’ economic futures and outdated design features that cripple states’ ability to recruit and retain the best public servants….