Evans, Richard W.; Phillips, Kerk L. - Department of Economics, Brigham Young University - 2012
In 2008, the Utah Retirement System experienced a negative return of almost 25 percent on its portfolio. This resulted … in an underfunding of the pension system. In 2010 the Utah legislature reformed state pension participation, placing all … participate in the previous defined benefits program. This paper models and simulates the effects of Utah's pension reform on the …