Understanding the valuation of public pension liabilities: Expected cost versus market price
AbstractCurrent public pension valuation practice provides information on the expected costs associated with funding future benefits, which is relevant to policymakers and taxpayers. This paper argues that current practice is a better approach to measuring pension liability than is a theoretical market-based method.�
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Bibliographic InfoPaper provided by American Enterprise Institute in its series Working Papers with number 37898.
Date of creation: May 2013
Date of revision:
public pension system; Public Pension liabilities; market valuation;
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