Koedel, Cory; Ni, Shawn; Podgursky, Michael - In: Education Finance and Policy 9 (2014) 2, pp. 165-192
During the late 1990s public pension funds across the United States accrued large actuarial surpluses. The seemingly flush conditions of the pension funds led legislators in most states to substantially improve retirement benefits for public workers, including teachers. In this study we examine...