No Such Thing as a Quick Fix: Cautionary Ideas to Address Pension Liabilities
With the economic downturn, governments are facing increased budgetary pressure. Additionally, pension plans may see lower than anticipated investment returns compelling governments to utilize short-term solutions to alleviate pension pressures. During this session, speakers will provide an update on the state of public pensions and explain several ideas proposed to reduce pension liabilities. For each option, speakers will discuss the business case in favor along with potential limitations, risks, and long-term challenges.
President and Founder, National Municipal Research
National Public Sector Retirement Practice Leader
Melanie D. Purcell, CPFO, SHRM-SCP
Controller, City of Midland, Michigan