Pension underfunding has dominated the media and created significant concerns for state lawmakers as they struggle to bring their fiscal houses in order. Before any reforms can be enacted, certain questions must be answered: in reality, how large are the funding shortfalls, and what are the legal boundaries within which reforms can take place?
At this event, panelists will address pension reform challenges by presenting the results of three research papers commissioned by AEI through a generous grant from the Smith Richardson Foundation. Kent Smetters will present the case for market valuation, while Paul Angelo will defend current pension valuation practices. Amy Monahan will discuss the legal restrictions surrounding pension reform.