Understanding State Pension Challenges: A Primer for SHEEOs

Autor/in	Weeden, Dustin D.
Institution	State Higher Education Executive Officers (SHEEO)
Titel	Understanding State Pension Challenges: A Primer for SHEEOs
Quelle	(2019), (21 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Retirement Benefits; Higher Education; State Aid; Finance Reform; Financial Support; Legal Responsibility; Financial Problems; Government Employees; Public Colleges + Suchen Sie Ihr Suchwort? Retirement pay; Ruhegehalt; Hochschulbildung; Hochschulsystem; Hochschulwesen; Financial reform; Finanzreform; Finanzielle Förderung; Strafmündigkeit
Abstract	Higher education appropriations are often referred to as the "balance wheel" for state budgets, receiving greater than average funding reductions during economic downturns and above average increases during periods of economic growth. However, this trend has gradually diminished with each recession as higher education funding no longer returns to pre-recession levels. The State Higher Education Executive Officers Association's (SHEEO) annual State Higher Education Finance (SHEF) report documents this ratcheting down. The purpose of this policy brief is to provide background information to help SHEEOs better understand the current status of state pension obligations. The authors first review how most public pensions have become underfunded. Next, they review the common reforms states have taken to address the financial health of their retirement systems. Finally, the authors highlight several complicating factors that may limit the effectiveness of the reforms or lead to future funding challenges. (ERIC).
Anmerkungen	State Higher Education Executive Officers. 3035 Center Green Suite 100, Boulder, CO 80301. Tel: 303-541-1600; Fax: 303-541-1639; e-mail: sheeo@sheeo.org; Web site: http://www.sheeo.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01