Recommendations for Public Pension Plan Reforms
March 5, 2014 | Publication | Policy Research, Improving the Nation's Fiscal Future

Pension plans should be pre-funded in a rational and sustainable manner and related risk management practices should be strengthened to provide the information needed to make effective decisions about plan funding, according to a report produced by The Society of Actuaries with participation by the MacArthur-supported Civic Federation. The report outlines recommendations to improve the current state of pension plan funding as total unfunded public pension liabilities in the U.S. near $1 trillion by some estimates.