An examination of whether benefits close the wage gap between public and private sector workers. The analysis found that the compensation of state-local and private sector workers is similar.
All Research Studies
This report offers lessons from five governments — Iowa, Oregon, Vermont, Gwinnett County (GA), and Houston (TX) — that have reformed their pension plans to make them more fiscally sustainable while still providing retirement security to their employees. It offers lessons for other reform-minded governments, on plan funding and governance, the importance of using good data from experts, communication, governance, and financial education.
This brief probes the question of what role union power has had in the public pension benefit levels.
This brief finds that California, North Carolina, and Ohio rely on a combination of wellness programs and cost containment to rein in cost increases, and analyzes the cost of providing health insurance, along with changes in health plans the states have adopted to slow cost increases.
Three new plans studied in Georgia, Michigan, and Utah combine elements of both defined benefit and defined contribution plans.
Pensions are a component of the debt structure, and the extent to which states make their Annual Required Contribution has a statistically significant—albeit modest—impact on the cost of debt.
This brief finds that the economy has slowed the ability of local governments to address long-term funding of their retiree health care obligations.
This brief sheds light on the debate between economists and actuaries over what discount rate should be used to value pension liabilities in the public sector.
An analysis of the effects the 2008 economic downturn has had on state and local government pension plan funding, along with future projections.
It is risky for state and local governments to shore up pensions with such bonds except in certain circumstances.