Includes “… looking at one side of a financial transaction is never enough to provide a full picture. Yet the debate over public pension sustainability consistently focuses on one element alone – debt – without regard to what is on the other side of the ledger. The other side of the ledger, in the case of public pensions, is income – or, more precisely, the economic capacity of plan sponsors. And a careful analysis of both sides of the pension ledger demonstrates that public pension debt is sustainable despite the economic impact of the coronavirus (COVID-19) pandemic.”
Read the full article on: National Conference on Public Employee Retirement Systems (NCPERS)