Research on public pensions and unfunded liabilities

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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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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.