The State of Public Pension Funding: Are Government Employee Plans Back on Track?

2015 ◽  
Author(s):  
Andrew G. Biggs
Keyword(s):  
The State ◽  
Public Pension ◽  
Government Employee ◽  
Pension Funding

Public Pension Funding Ratios Still Tumbling

CFA Digest ◽  
2013 ◽  
Vol 43 (1) ◽  
pp. 110-111
Author(s):  
Claire Emory
Keyword(s):  
Public Pension ◽  
Pension Funding

scholarly journals Rating the State Government Public Pension Plans in the US

2015 ◽  
Vol 4 (4) ◽  
Author(s):  
Jiapeng Liu ◽  
Rui Lu ◽  
Zhengyang Zhang
Keyword(s):  
State Government ◽  
Pension Plans ◽  
The State ◽  
Public Pension ◽  
The Us ◽  
Public Pension Plans

Public pension funding in practice

2011 ◽  
Vol 10 (2) ◽  
pp. 247-268 ◽  
Author(s):  
ALICIA H. MUNNELL ◽  
JEAN-PIERRE AUBRY ◽  
LAURA QUINBY
Keyword(s):  
Financial Crisis ◽  
Policy Issue ◽  
Public Pension ◽  
Bottom Line ◽  
Pension Funding ◽  
Large Numbers ◽  
Near Term ◽  
State And Local ◽  
Private Investors ◽  
Funded Status

AbstractPublic pension funding has recently become a front-burner policy issue in the wake of the financial crisis and given the pending retirement of large numbers of baby boomers. This paper examines the current funding of state and local pensions using a sample of 126 plans, estimating an aggregate funded ratio in 2009 of 78% using GASB accounting methods. Projections for 2010–2013 suggest that some continued deterioration is likely. Funded status can vary significantly among plans, and so the paper explores the influence of four types of factors: funding discipline, plan governance, plan characteristics, and the fiscal situation of the state. Judging the long-term health of plans requires more than just a snapshot of assets and liabilities, and so the paper examines how well plans are meeting their Annual Required Contributions and what factors influence whether they make them. The paper also addresses the controversy over what discount rate to use for valuing liabilities, concluding that using a riskless rate of return could help improve funding discipline but would need to be implemented in a manageable way. Finally, the paper assesses whether plans face a near-term liquidity crisis and finds that most have assets on hand to cover benefits over the next 15–20 years. The bottom line is that, like private investors, public plans have been hit hard by the financial crisis and their full recovery is dependent on the rebound of the economy and the stock market.

scholarly journals Public Workers: Government Employee Unions, the Law, and the State, 1900-1962

2005 ◽  
Vol 47 (3) ◽  
pp. 317
Author(s):  
Josiah Bartlett Lambert ◽  
Joseph E. Slater
Keyword(s):  
The State ◽  
Government Employee ◽  
The Law ◽  
Public Workers

scholarly journals The effectiveness of the Internal Control System as a regulatory element in Public Pension Expenses for Accountabilty

2020 ◽  
Vol 8 (6) ◽  
pp. 325-338
Author(s):  
José Costa Castro ◽  
Dr. Ricardo Jorge da Cunha Costa Nogueira
Keyword(s):  
Control System ◽  
Data Collection ◽  
Internal Control ◽  
Regulatory Element ◽  
The State ◽  
Public Pension ◽  
Public Servants ◽  
The Public ◽  
Brazilian Legislation ◽  
Internal Control System

This article used theorists to reinforce data on the effectiveness of the Internal Control System as an instrument that regulates public pension expenditure for Accountabilty. This topic allows the understanding of the importance of internal control as a practice that helps in the quality and results of an organization, because Accountability represents the obligation of accountability for the performance of a work from the responsibility of a delegated authority. How much and how the Internal Control System can assist the manager in decisions? The general objective is to analyze the effectiveness of the internal control system in order to serve pension institutions more effectively. The methodology was bibliographic, exploring magazines and websites, besides the Brazilian legislation; the data collection was carried out at the Public Servants Welfare Institute of the State of Rondônia (IPERON). It was possible to conclude that it is necessary for IPERON's Internal Control Sector to develop its activities according to its mission and vision so that qualitative results have priorities.

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