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Strengthening the Security of Public Sector Defined Benefit Plans (PDF)
The Nelson A. Rockefeller Institute of Government at the State University of New York [SUNY] Link to more items from this source
Jan. 16, 2014
60 pages. Excerpt: "Even if painful actions to date were enough to resolve the underfunding -- and they are not -- the flaws that allowed this underfunding to develop remain in place. It would be a mistake to leave this situation uncorrected.... Bad incentives and inadequate rules allowed public sector pension underfunding to develop. They mask the true costs of pension benefits and encourage underfunding, undercontributing, and excessive risk-taking, trapping pension administrators and government funders in potentially destructive myths and misunderstanding."

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