Understanding California's public pension debt. The gap between money available and promises made is huge and growing. By Judy Lin. Sept. 18, 2016 The California Public Employees' Retirement ...

Understanding the valuation of public pension liabilities: Expected cost versus market price; Understanding the argument for market valuation of public pension liabilities; Amy Monahan.

Public pension costs are considerably greater than most governments estimate, and a proper understanding of the real cost is the first step toward reform.

Understanding the legal limits on public pension reform; Understanding the argument for market valuation of public pension liabilities; Paul Angelo. Latest Work. July 01, 2013. Report.

The GPO affects you if you are a federal, state or local public-sector employee who relies on a state-run pension instead of Social Security. Today there are 15 states that do not cover their ...

Public pensions in general are not subject to ERISA, ... Also, many public employees have pushed for greater retirement benefits without fulling understanding the costs of doing so.

Alicia H. Munnell's new book, "State and Local Pensions: What Now?", is essential reading for anyone who wants to move beyond the conventional wisdom and gain a real understanding of public ...

The classic theoretical paper is: Franco Modigliani and Merton H. Miller, “The Cost of Capital, Corporation Finance and the Theory of Investment,” American Economic Review, Vol. 48, No. 3 ...

Fewer businesses offer traditional pension plans these days. Some programs still survive, particularly in the public sector. If you'd like to learn how a pension works, and even how to track down ...

Cate Long’s April 2 blog post “Late to the Public Pension Game” questioned why our report, “The Fiscal Health of State Pension Plans: Funding Gap Continues to Grow,” relied on 2012 data ...