Research on public pensions and unfunded liabilities

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The Clock is Ticking.......

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The clock is ticking towards December 30, 2017.  As part of…
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Study: Inefficient Public Pension Investment Costs Taxpayers About $100 Million A Year

Local systems forfeited some $2.9 billion over 30 years by not…
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A $49 Million Sweetheart Deal: MBTA Employee Sick Time Perk Enhances Pensions

Listen to the WRKO radio clip of Mary Connaughton interviewed…
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Study: Massachusetts Public Pension Systems Unprepared for Next Recession

Actuarial assumption adjustments clarify which funds are troubled…
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STUDY: MA Public Pension Systems Unprepared for Next Recession

Actuarial assumption adjustments clarify which funds are troubled…
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Study: Public Pension Liabilities Are Undervalued by Tens of Billions of Dollars

Historical Market Performance of Asset Classes Held by Retirement…
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Study: MBTA Retirement Fund Failings a Cautionary Tale

Study Finds Poor Governance Structure, Lack of Accountability…
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The End of the Line for the MBTA Retirement Fund?

Without Taxpayer Support, MBTA Retirement Fund Would Become Insolvent…
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Study Calls for MBTA Employees to Be Transferred to State Pension System

Despite claims to the contrary, overly generous benefits, early…
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MA Retirement Systems in Critical Condition, Fiscal Risks Remain High

Expert Testimony: Several Retirement Systems in Critical Condition,…
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Delaying the Funding of Public Pensions May Cost up to $26.4 Billion

State leaders’ 2010 decision to postpone the deadline for full funding of the state and teachers’ retirement systems from 2025 to 2040 may cost taxpayers up to $26.4 billion.
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Have the MBTA’s Retirement Plans Gone Off the Rails?

Study Finds Lack of Transparency and Chronic Underfunding Among…
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Study: GASB Rules Improving, But Still Need Measured Reform

Study Finds Further Reform of GASB Rules Necessary, But Must…
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Cost of COLAs in Massachusetts Public Retirement Systems

Study Finds Increased Pension COLA Will Require Communities to…
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Consolidating Public Pension Administrations Could Save $27M Annually

REVISED STUDY FINDS THAT CONSOLIDATING ADMINISTRATION OF PUBLIC…
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Have the T’s Retirement Plans Gone Off the Rails?

Study Finds Financial Condition of MBTA Retirement Plan Deteriorated…
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Introducing MassPensions.com - New Site Rates MA's 100+ Pension Systems

User-Friendly Online Tool Provides Easily Accessible Data, Rates…
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Improving the Bay State's Public Pension Fund Investment Policies

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While current policies provide a solid basis for preserving assets in Massachusetts’ 105 public pension funds, improvements and updates would boost flexibility and investment returns, while promoting accountability and limiting unnecessary risks, according to a new study published by Pioneer Institute.
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Unrealistic Investment Return Assumptions Mask True Cost Of Retiring Unfunded Pension Liabilities

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Pension boards across Massachusetts must use more rigorous actuarial assumptions about pension fund investment returns and accelerate the rate at which they pay down unfunded liabilities to meet the 2040 statutory deadline for fully funding public pensions in the Commonwealth according to a new study published by Pioneer Institute, The Fiscal Implications of Massachusetts Retirement Boards’ Investment Returns.