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Public Pension Funds Adopt Cost-Sharing Mechanisms to Stem Volatility
Pensions & Investments Link to more items from this source
July 18, 2018

"[T]he collapse of the internet bubble and the Great Recession caused by the financial crisis of 2008 ... resulted in pension debt exceeding $1 trillion. Between 2003 and 2013 the cost of making required pension payments almost doubled... [S]ome pension systems have adopted formal cost-sharing mechanisms, adjusting contributions or benefits, instead of making unplanned benefit cuts or contribution increases. Almost 30 defined benefit pension plans in 17 states use cost-sharing mechanisms to manage risk[.]"

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