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.
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.
Date Posted: 09 August 2019
Comments
The published version of this Working Paper may be found in the 2009 publication: The Future of Public Employee Retirement Systems.