Very important overview in view of the limited exposure of the structure and risks to the public at large. The priority around strategies for Fiscal Survival is appropriate and requires sustained commitments, controls and data analytics around demographic changes that are likely to surprise even some of the most experience fund managers.
Very important overview in view of the limited exposure of the structure and risks to the public at large. The priority around strategies for Fiscal Survival is appropriate and requires sustained commitments, controls and data analytics around demographic changes that are likely to surprise even some of the most experience fund managers.
Thank you. Very helpful summary. Can you share a table or spreadsheet showing all state pension fund ratios as referred to in your essay?
Pew has done some of the best work on this issue. Their 2017 report can be found at:
https://www.pewtrusts.org/en/research-and-analysis/issue-briefs/2019/06/the-state-pension-funding-gap-2017