This webcast will discuss three recent research papers related to the design, valuation and funding of public sector defined benefit plans. Two of the presenters will discuss their recent response to the American Legislative Exchange Council’s study, “Unaccountable and Unaffordable.” Another author will discuss a University of California, Berkeley paper “Are California Teachers Better Off with a Pension or a 401(k)?” that responded to the Urban Institute’s paper “Are California Teacher Pensions Distributed Fairly?” It will close with a discussion of the Haas Institute paper “Funding Public Pensions, Is Full Pension Funding a Misguided Goal?”
Each paper will be considered and discussed with a focus on applicable actuarial theory and standards. The goal is to encourage participants to read research reports and analysis with a critical eye, especially when that analysis is applied to complicated pension funding topics, whether that analysis supports or challenges current practices.
1.50 SOA CPD
1.50 EA Non Core
Social Insurance & Public Finance