Wharton Pension Research Council Working Papers
 

Title

Public Pensions and State and Local Budgets: Can Contribution Rate Cyclicality Be Better Managed?

Document Type

Working Paper

Date of this Version

10-1-2008

Abstract

Pension fund contribution rate volatility has challenged state and local government defined benefit plan sponsors over time. Methods to contain volatility have been used for years but recent experience has placed greater urgency on the search for better solutions. This chapter examines the historical approach to bring stability to employer rates as well as some of the current thinking on the issues. Because both asset and liability changes can affect volatility, governments are looking at both sides of the balance sheet for relief.

Comments

The published version of this Working Paper may be found in the 2009 publication: The Future if Public Employee Retirement Systems.

Working Paper Number

WP2008-26

Copyright/Permission Statement

© 2008 Pension Research Council of the Wharton School of the University of Pennsylvania. All rights reserved.

Acknowledgements

Opinions and errors are solely those of the author and not of the institutions with whom the author is affiliated.

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Date Posted: 09 August 2019