Are State Public Pensions Sustainable? Why the Federal Government Should Worry About State Pension Liabilities
Are State Public Pensions Sustainable? Why the Federal Government Should Worry About State Pension Liabilities ArXiv ID: ssrn-1596679 “View on arXiv” Authors: Unknown Abstract This paper analyzes the flow of state pension benefit payments relative to asset levels and contributions. Assuming future state contributions fund the full pre Keywords: Pension Funds, Asset Liability Management, State Pensions, Solvency, Defined Benefit Plans, Fixed Income Complexity vs Empirical Score Math Complexity: 3.0/10 Empirical Rigor: 7.0/10 Quadrant: Street Traders Why: The paper uses straightforward present value calculations and scenario analysis based on state-reported data rather than advanced mathematical derivations, but it is heavily data-driven, relying on extensive actuarial and financial data from state pension reports to produce specific numerical forecasts and state-by-state outcomes. flowchart TD A["Research Goal: Assess State Pension Sustainability<br> & Asset Liability Management"] --> B["Data Inputs: State Pension Fund<br>Benefit Payments, Asset Levels, Contributions"] B --> C["Computational Process:<br>Stochastic Modeling of Asset Liability Mismatch"] C --> D["Key Finding: Insufficient Contributions<br>to Fund Full Future Benefits"] D --> E["Outcome: Solvency Risk Identified<br>Requiring Federal Policy Attention"]