Pension Reform Resources
With growing funding shortfalls, exacerbated by the recent economic turmoil, many states are taking a hard look at reforming their state pension systems. We here at the Josiah Bartlett Center have been following this trend here in New Hampshire as well as in other states across the country. Below is some of our work done on pensions so far as well other informational resources.
New Hampshire Specific:
A JBC study that explains what an Unfunded Liability is and why it is important
Another JBC report on the current state of the New Hampshire Retirement System and why reform is desperately needed
The current legislation in the New Hampshire Senate, SB229, which would create a defined contribution plan for state employees
The most recent analysis of SB229 done by the NHRS actuary
National:
A JBC study on defined contribution (401(k)) models that other states currently have in place
Research done by NCSL on the types of retirement systems used by various states across the US
Further research on the growing problem with unfunded liabilities in state pension systems
A recent US Senate report on the current pension funding crisis as well as a piece from Real Clear Markets on the issue