Pandemic recovery and state and local pension reform

Eileen Norcross  |  July 30, 2020

By Eileen Norcross, includes “This policy brief explores the deep-seated problems in US state and local pension finance, including underfunding, poor investment choices, and potential avenues for reform. … Rather than internalize the lessons of the Great Recession and shift portfolios away from high-risk investments, in the past decade, public-sector plans have doubled down and continued to invest more heavily in alternatives in the hope of capturing high returns. …”

Read the full article on: Mercatus Center, George Mason University

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