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Analysis of the New Mexico PERA Pension Solvency Task Force’s Preliminary Recommendations
The changes are significant and positive steps for PERA, but leave some systemic challenges—namely actuarial methods and assumptions—unaddressed.
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New Mexico Public Employees Retirement Association Solvency Analysis
PERA administrators and stakeholders are likely to face persistent challenges made more pronounced by ongoing market and revenue volatility.
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Examining Private Equity in Public Pension Investments
Public pension systems should thoroughly evaluate the downsides of private equity investing before increasing their allocations to the asset class.
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Survey of State & Local Government OPEB Liabilities
State and local governments have $1.2 trillion in net OPEB (other post-employment benefits) liabilities.
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Unfinished Business: Despite Dodd-Frank, Credit Rating Agencies Remain the Financial System’s Weakest Link
The lenient ratings attracted excessive mortgage finance capital that exacerbated a home price bubble—and a wider asset price bubble.
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Pay for Success Contracting: The Emerging Paradigm
A primer for policymakers on a new and innovative approach to public-private partnerships in social service delivery
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Privatization and Public-Private Partnership Trends in Local Government
Local Government Privatization Chapter of Annual Privatization Report 2011
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The Challenge of Comparing Public and Private Correctional Costs
Can privately operated prisons reduce costs without compromising performance?
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The Environmental Protection Agency and Boiler MACT Regulation
EPA boiler rules should reflect the real world