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Understanding the argument for market valuation of public pension liabilities

Authors :
Biggs, G.
Smetters, Kent A.
Source :
AEI Paper & Studies. May 1, 2013
Publication Year :
2013

Abstract

Most public-sector employees participate in traditional defined-benefit pension plans, which promise them a fixed monthly retirement benefit for life. These benefits are generally calculated as some percentage of the employee's [...]

Details

Language :
English
Database :
Gale General OneFile
Journal :
AEI Paper & Studies
Publication Type :
Report
Accession number :
edsgcl.339636605