TY  - BOOK
AU  - Mitchell,Olivia S.
AU  - Smith,Robert S.
ED  - National Bureau of Economic Research.
TI  - Pension Funding in the Public Sector
T2  - NBER working paper series
PY  - 1991///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - November 1991; Hardcopy version available to institutional subscribers
N2  - This paper explores the determinants of pension funding in the public sector. We formulate and test several hypotheses about the determinants of public employer pension funding practices, using a new data set describing financial and other characteristics of state, local, and teacher plans. The data show that, on average, public sector pension plans were relatively well-funded during the late 1980s. There were, however, wide variations in funding practices in our sample. Our analysis of these variations suggests that past funding practice tends to be perpetuated, that unionized employers are less likely to fully fund future pension obligations, and that funding is sensitive to fiscal pressure
UR  - https://www.nber.org/papers/w3898
UR  - http://dx.doi.org/10.3386/w3898
ER  -