The sustainability of state and local pensions: A public finance approach

What must state and local governments do to make their public employee pension plans sustainable? Less than many analyses conclude, according to a paper discussed at the Brookings Papers on Economic Activity (BPEA) conference on March 25. [author-bio] The paper—by Jamie Lenney of the Bank of England, Byron Lutz of the Federal Reserve Board, Finn … Continue reading The sustainability of state and local pensions: A public finance approach