Impact of unfunded pension obligations on credit quality of state governments

CR Martell, SN Kioko… - Public Budgeting & …, 2013 - Wiley Online Library
This study reviews the funding status of state‐administered pension plans and their impact
on state credit quality. As the fund ratio (actuarial assets/actuarial accrued liability) of state …

The drivers of public sector pension reform across the US states

M Thom - The American Review of Public Administration, 2017 - journals.sagepub.com
This study analyzes the diffusion of public sector pension reforms across the American
states between 1999 and 2012, a policy area notable for its fiscal implications as much as its …

Interest groups on the inside: The governance of public pension funds

SF Anzia, TM Moe - Perspectives on Politics, 2019 - cambridge.org
New scholarship in American politics argues that interest groups should be brought back to
the center of the field. We attempt to further that agenda by exploring an aspect of group …

Public pension governance and opportunistic accounting choice: A politico-economic approach

OJ Stalebrink, P Donatella - The American Review of Public …, 2021 - journals.sagepub.com
The selection of actuarial assumptions used to value state and local government pension
liabilities is an important culprit of the looming state and local pension crisis in the US Due to …

Public corruption and pension underfunding in the American states

C Liu, J Mikesell… - The American Review of …, 2021 - journals.sagepub.com
Unfunded public pension obligations represent a great challenge for policy makers in the
American states. We posit that a part of pension underfunding relates to the level of public …

An empirical analysis of state and local public pension plan funded ratio change, 2001-2009

Q Wang, J Peng - The American Review of Public …, 2016 - journals.sagepub.com
Between 2001 and 2009, all public pension plans suffered losses and saw a drop in their
funded ratios. However, some plans saw a much smaller decline than others. In this study …

Political embeddedness of public pension governance: An event history analysis of discount rate changes

Q Wang, J Peng - Public Administration Review, 2018 - Wiley Online Library
State governments are frequently said to manipulate the discount rate assumption to make
pension funding look better, reduce employers' and employees' pension contributions, or …

Understanding decisions in state pension systems: A system framework

G Chen - The American Review of Public Administration, 2018 - journals.sagepub.com
State governments establish pension systems to provide retirement benefits to public
employees. State governments as sponsors, state legislatures as policy makers, and public …

Public pension reform and credit quality of state governments

T Hoang - Public Finance Review, 2023 - journals.sagepub.com
The growth of unfunded pension liabilities has raised concern over states' fiscal
sustainability and threatens their ability to access the capital market. Over the past decade …

Fiscal condition, institutional constraints, and public pension contribution: are pension contribution shortfalls fiscal illusion?

T Hoang, CS Maher - Public Budgeting & Finance, 2022 - Wiley Online Library
One important aspect of public finance is understanding expenditure allocations among
competing purposes. Applying the public choice paradigm and fiscal illusion framework, this …