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Examining an Alaska pension reform counterfactual
A look at what would have happened to the Public Employee Retirement System and Teacher Retirement System if proposed pension reforms from 2021 had been enacted.
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State taxpayers’ share of MPSERS debt would increase under various proposals
The first 20.96% of each year’s unfunded accrued liability contribution is currently paid by local school districts, and any amount required above that is paid by the state.
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House Bill 78 exposes Alaska to significant additional costs
This bill could realistically add $11.4 billion in additional costs to future state budgets and reintroduce Alaska to significant pension risk.
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Defined Benefit Plans: Best Practices in Incorporating Risk Sharing
Public pension risk sharing can increase plan solvency, provide better accountability, and lessen the burden that unfunded liabilities have on taxpayers.
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Best practices in hybrid retirement plan design
The recent shift toward offering hybrid plans to newly hired government employees suggests that governmental employers may be changing their perceptions of the balance of financial risk between employees and employers.
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Annual pension solvency and performance report
At the end of the 2023 fiscal year, the nation's public pension systems had $1.59 trillion in total unfunded liabilities.
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Report: State and local pension plans have $1.48 trillion in debt
State pension systems have $1.29 trillion in unfunded liabilities, and local governments have $187 billion.
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Consumer Surplus in the FDA’s Tobacco Regulations
The forthcoming cost-benefit analyses of the FDA’s proposals for nicotine reduction in tobacco and for banning flavors in e-cigarettes must follow standard economic methodology and not assume away part of the consumer surplus.
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Public Health Models and Related Government Interventions: A Primer
What are the main concepts and models of public health? To which extent do public health considerations require government intervention?
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Best Practices for Providing Education Funding for Economically Disadvantaged Students
This report examines federal education funding for student poverty and how state education finance systems can best fund students.
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The Challenges Facing the Florida Retirement System Explained
Why Florida's pension debt is rapidly growing, how public pensions are really funded, the ways Florida is failing to provide retirement security to workers, and more.
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Improving the Florida Retirement System’s Investment Plan through increased contributions
The combined 6.3% rate fails to meet private industry minimum standards and places Florida at the bottom of states that offer a defined contribution retirement plan option as a primary source of retirement income.
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Examining the Teachers Retirement System of Texas after the pension reforms of 2019
Senate Bill 12 of 2019 made reforms, but TRS contributions will likely be insufficient because the pension plan is using outdated economic assumptions.
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Steps to protect public finance from ESG activism
Public pension systems are particularly exposed to the risks associated with ESG and politically-driven investing strategies.
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Examining the pension reform benefits of North Dakota House Bill 1040
HB 1040 would shift NDPERS to an actuarially sound method of funding, ensuring the state can deliver on its promises to members and retirees.
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Does the defined contribution plan in North Dakota’s HB 1040 meet gold standards?
Examining the the proposed contribution rate, portability, enrollment options and other retirement plan features in North Dakota's House Bill 1040.
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The costs and risks of proposed public retirement changes in Alaska
Examining several pieces of proposed legislation impacted public pensions in Alaska.