Policy Options for State Pension Systems and Their Impact on Plan Liabilities
Published Date
Copyright 2011
DOI 10.1017/S1474747211000084
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Copy CitationRobert Novy-Marx and Joshua D. Rauh, The Economics of State and Local Pensions (Journal of Pension Economics and Finance 10 (2), 2010), https://www.nber.org/books-and-chapters/economics-state-and-local-pensions/policy-options-state-pension-systems-and-their-impact-plan-liabilities.
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Working Paper
We calculate the present value of state pension liabilities under existing policies, and separately under policy...