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Challenges to Public Pension Systems

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dc.contributor.advisor Boudreaux, Donald Brown, Caleb O
dc.creator Brown, Caleb O 2014-05-02 2014-10-07T14:47:33Z 2014-10-07T14:47:33Z 2014-10-07
dc.description.abstract The poor funding status and liability measurement of state and local public pensions could be the defining issue for state-level fiscal policy for the next several decades. These chapters attempt to address several problems associated with pension management and measurement. Chapter One details many aspects of Kentucky Retirement System that have contributed to its funding and management woes. Chapter Two details the purpose of discounting within pension funds and how an alternative discount rate would increase stated liabilities in one of Kentucky’s pension plans. Chapter Three details the transfer of market-related risks from pensioners to taxpayers and discusses the potential impact of a large and ongoing opportunity for arbitrage within most pension systems.
dc.language.iso en en_US
dc.subject public pensions en_US
dc.subject public finance en_US
dc.subject state pensions en_US
dc.subject Kentucky Retirement Systems en_US
dc.title Challenges to Public Pension Systems en_US
dc.type Thesis en Master of Arts in Economics en_US Master's en Economics en George Mason University en

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