An Assessment of the 2001 Reform of the Railroad Retirement Program
AbstractThe primary concern of Congress in enacting the Railroad Retirement and Survivor’s Improvement Act of 2001 was the risk of political influence on investment decisions. A secondary concern was the financial performance of the redesigned program. The experience to date supports the notion that reforms created an exemplary manager of public pension assets. Of more concern is the financial performance of the redesigned program. The program weathered the challenging financial conditions during the first decade of reform. The experience nevertheless exposed limitations in the ability of its innovative automatic stabilizer to steady the program’s finances.
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Bibliographic InfoPaper provided by Center for Retirement Research in its series Working Papers, Center for Retirement Research at Boston College with number wp2013-14.
Length: 31 pages
Date of creation: Jun 2013
Date of revision:
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