Preparing for the Worst: Options for Addressing Public Pension Plans in Deep Distress and for Fixing Institutional Flaws that Encouraged This Situation
Grant Year: 2017
Donald Boyd will lead an effort to develop policy approaches that state and local governments could adopt if they become unable to cope with the costs associated with public employee pension plans. He will convene a working group composed of economists, law professors, and retired public officials that will identify steps that can be taken if a state or local government can no longer pay promised benefits, and what measures can be taken to alter incentives so that governments can lessen the likelihood that they would face such a situation in the future. The project’s findings will appear in a series of reports and briefings for policymakers.
The Nelson A. Rockefeller Institute of Government Domestic Public Policy