State and local pension systems are at a crossroads, with pension reform efforts being spurred by ballooning cost projections and an estimated $2.7 trillion nationwide funding gap. Failing pension systems broadly affect the American citizenry – from taxpayers who want to keep costs down yet still receive high-quality public services, to public-sector teachers, police officers and firefighters who want to preserve their retirement security. Political factors have long impeded legislative pension reform, but in recent years, a number of states have succeeded in enacting significant reforms to their systems.
On February 26, the Brown Center on Education Policy at Brookings will release two papers that examine pension reform efforts across the nation and provide actionable policy solutions aimed at those states still struggling with underfunded pension systems. A presentation of the papers’ findings by authors Patrick McGuinn and Patten Priestley Mahler will be followed by a keynote presentation by San Jose Mayor Chuck Reed and a panel discussion with leaders who helped to develop noteworthy reforms to public pension systems at the state and local level.
After the program, panelists will take audience questions. This event will be live webcast. Join the conversation on Twitter at #pensionreform.
The Brookings Institution
Presentation of Findings
Associate Professor of Political Science
Patten Priestley Mahler
University of Virginia
The Honorable Chuck Reed
City of San Jose, California
Moderator: Russ Whitehurst
Senior Fellow and Director, Brown Center on Education Policy
Director of Research
National Association of State Retirement Administrators
Wednesday, February 26, 2014 10:00 AM - 11:30 AM
The Brookings InstitutionFalk Auditorium1775 Massachusetts Ave. NWWashington, District of Columbia 20036