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Call for Papers–Public Pension Plan Finance–Resources & Background
The following list presents a number of papers, presentations and information that provide background material for this Call for Papers. The list may be updated with additional source material, as appropriate. If you have suggestions for other related background material, please e–mail them to Sue Martz at smartz@soa.org for consideration for inclusion on this list.
- Bader, Lawrence & Gold, Jeremy. "The Case Against Stock in Public Pension Plans." Financial Analysts Journal, Vol 63, no. 1 (January/February 2007): 55–62
- Kausch, David T.
"The Case for Stock in Pension Funds." Contingencies. (January/February 2008): 43–46.
- Bader, Lawrence & Gold, Jeremy. "Pension Funding Pros & Cons (Letter to Editor)" Contingencies. (March/April 2008): 12–14.
- GASB White Paper, "Why Governmental Accounting and Financial Reporting Is–and Should Be–Different."
- GASB–Pension Accounting Research Advisory Committee Materials including, "Pension Research Excerpt from Second–Third 2008 Technical Plan."
- Pension Research Council 2008 Symposium: "The Future of Public Employee Retirement Systems," conference papers available at PensionResearchCouncil.org/conferences/conf–2008.php (sign–up may be necessary)
- National Association of State Retirement Administrators. "The Market Value of Liabilities Issue" webpage linking series of papers on public plan pension finance topics
- GASB Statement No. 27 "Accounting for Pensions by State and Local Governmental Employers"
- Actuarial Standards of Practice (ASOP) Number 4 & 27; public pension plans are generally financed using traditional actuarial assumptions (e.g. discounting cash flows using an expected rate of return on assets supporting the cash flows as discussed in ASOP 27 and using traditional actuarial funding methods (e.g. there are six such common methods listed in GASB 27 and others set forth in ASOP 4).
- Information discussing pension finance can be found at the Society of Actuaries website link below including a paper titled "The Pension Actuary's Guide to Financial Economics,"
- Mitchell, Olivia S. and Hustead, Edwin. 2000. Pensions in the Public Sector. Pension Research Council. Philadelphia, PA: University of Pennsylvania Press
- Trowbridge, CL and Farr, CE, The Theory and Practice of Pension Funding; Publisher, R.D. Irwin.
- Bleakney, Thomas P. , Retirement Systems for Public Employees, Pension Research Council. Philadelphia, PA: University of Pennsylvania Press
- Calhoun, Carol V,; Moore L., Cynthia; and Brainard, Keith.; Governmental Plans Answer Book. Aspen Publishers
- Comprehensive Annual Financial Reports–Most State and Local Public Pension Plans in U.S. (e.g. CALPERS)
- "Funding Pension & Retiree Health Care for Public Employees"–A Report of the Public Employee Post–Employment Benefits Commission for the State of California. http://pebc.ca.gov/
- Richard Ennis, Ennis Knupp and Associates."What Ails Public Pensions? And What Can Be Done to Strengthen Them?" July 2007.
- Pew Center on the States (2007): Promises with a Price.
- Center for Retirement Research at Boston College