The Funding Status of Teacher Pensions: An Econometric Approach / Robert P. Inman.

Format:

Book

Author/Creator:

Inman, Robert P.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w1727.

NBER working paper series no. w1727

Language:

English

Subjects (All):

Pensions--Mathematical models.

Pensions.

Teachers--Pensions--United States.

Teachers.

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

The Funding Status of Teacher Pensions

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1985.

Cambridge, Mass. : National Bureau of Economic Research, 1985.

Summary:

The financing of public employee pensions has become an issue of growing public concern. This paper examines the fundinq status of teacher pension plans for the fifty states and for selected localities for the decade, 1971-1980. A pension underfunding equation based upon actuarial principles is specified and estimated using a sample of pension plans for which actuarially sound measures of underfundings are available. The ecometrically-estimated pension equationis then used to "predict" underfundings for each state and local pension plan for each year for which full pension plan data are available. The results reveal that the real dollar value of plan underfundings has risen by over 50% in the average state from 1971-1980. Strategies for funding these growing pension deficits are required.

Notes:

Print version record

October 1985.