Latest
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Central Planning of Airline Service Is a Bad Idea — Even If Airlines Took Bailouts
Airlines are required to continue serving all the points they served on the date the coronavirus stimulus bill passed, regardless of whether they have any passengers.
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Pension Reform Newsletter: The Impact of COVID-19 on Pension Plans, the Need for Resiliency to Market Turbulence, and More
Plus: Retirement plans for teachers need to adjust to modern demands, calls grow for federal assistance for state and local pension plans, and more.
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Working Paper: An Evidence-Based Approach to Fighting the Coronavirus Pandemic
"A realistic plan for unlocking society must be found. Urgently. This brief seeks to offer elements of what such a plan might look like, based on evidence from actions taken in many jurisdictions."
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Arkansas Teacher Retirement System Pension Solvency Analysis
Investment returns failing to meet unrealistic expectations has been the single largest contributor to unfunded liability growth, adding $1.9 billion in debt to ATRS since 2000.
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Seeking Pension Resiliency
National public pension funding barely improved over the last decade despite a historic bull market. It would be false hope to think that we will invest our way out of the current crisis. It’s time to think differently.
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Federal Bailout of Public Pension Systems Would Reward Some States After Decades of Mismanagement
Illinois had $137 billion in unfunded pension liabilities and $54 billion in unfunded retiree health care promises that existed prior to the pandemic.
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The Coronavirus Pandemic’s Impact on Education and the Defenders of the Status Quo
It's a sad continuation of an education system that doesn't view success through the eyes of individual students but prioritizes itself.
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Education Newsletter: Coronavirus and the Impact on Education Budgets, Homeschooling, and More
Plus: Charter school safety, Hawaii’s approach to education funding, teachers' pensions in Arkansas, and more.
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The CARES Act Funding for Transit Needs Oversight to Prevent Waste and Abuse
Congress has provided transit agencies with a massive windfall during the coronavirus pandemic, it now needs to conduct vigorous oversight of that spending.
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As Families and Schools Deal With Pandemic, Harvard Magazine Launches War On Homeschooling
Schools have closed for more than 55 million students nationwide due to the coronavirus pandemic and at least 34 states have shuttered schools for the rest of the academic year.
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The Economic Downturn Increases the Need to Reform School Finance Systems
Education has rapidly changed in the past two decades and school finance systems should be reformed to reflect these new dynamics.
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Teachers and Taxpayers Need a New Model for Teacher Retirement Systems
Today's K-12 education workforce is more mobile than ever and requires a new approach to public retirement plans.
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States Want Federal Assistance for Debt-Riddled Public Pension Plans
Many public pensions systems were facing financial crises before the pandemic and subsequent market crash and a poorly-conceived taxpayer-funded bailout now would not set them on a path to sustainability.
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What Will Happen to the Education System When the Coronavirus Pandemic Is Over?
While virtual learning may surge, hybrid models with in-person elements may work best.
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Infrastructure Stimulus Hasn’t Worked In The Past and Won’t Work Now
President Trump’s call for a $2 trillion infrastructure stimulus bill is not a strategic infrastructure plan.
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Previewing the COVID-19 Impact on State Pension Plans
Use this tool to choose your state's public pension plans and possible investment return rates to see how unfunded liabilities and funded ratios are impacted.
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Public Pension Plans Weren’t Meeting Investment Expectations Long Before the Coronavirus
A reliance on overly optimistic assumed rates of investment returns was driving the increases in public pension debt before the recent economic downturn.
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Economic Shutdowns Pose Serious Risk to Human Welfare Across the Globe
A global collapse in economic production could expose untold millions of people to conditions of extreme poverty.