2008 Symposium: The Future of Public Employee Retirement Systems
May 1-2, 2008
About the Conference
This event examined the challenges facing public retirement systems in the US and around the world. After tracing the evolution of public sector pensions and retiree health programs, the discussion compared public with private sector pay and benefits. Next the speakers took up public policy concerns regarding accounting and management in public employee plans in the United States, focusing on ways to properly measure liabilities and how to make the plans more cost effective. The discussion also included analysis of defined contribution versus defined benefit plans for the public sector, and funding of federal retirement systems, both civilian and military. International lessons were brought to bear with a dsicussion of reforms in the German, the Japanese, and the Canadian public employee plans. This conference was a Wharton Impact Conference sponsored by the Wharton School's Pension Research Council and Boettner Center for Pensions and Retirement Research.
The conference was co-hosted by Gary Anderson and Olivia S. Mitchell at The Wharton School.
Conference Agenda
Thursday May 1, 2008
Session I: The Past and Future of Public Retirement Systems
- "The Evolution of Public Sector Pension Plans in the United States"
Robert L. Clark, Lee A. Craig, and Neveen Ahmed, North Carolina State University- Download Presentation [PDF, 113K] Login required.
- "Redefining Traditional Plans: Variations and Developments in Public Employee Retirement Plan Design"
Keith Brainard, NASRA- Download Presentation [PDF, 180K] Login required.
- Discussant: Leslie Papke, Michigan State
- Download Presentation [PDF, 98K] Login required.
- "Estimating State and Local Government Pension and Retiree Health Care Liabilities"
Stephen T. McElhaney, Mercer- Download Presentation [PDF, 49K] Login required.
- "Marking Public Plan Liabilities to Market"
Jeremy Gold, Gold Associates, and Gordon Latter, Merrill Lynch- Download Presentation [PDF, 129K] Login required.
- "Can Contribution Rate Cyclicality Be Better Managed?"
Parry Young, Consultant: Public Pensions and State & Local Budgets- Download Presentation [PDF, 341K] Login required.
- Discussant: Robert North, City of NY
- Download Presentation [PDF, 55K] Login required.
- Discussant: Paul Angelo, Segal Co.
- Download Presentation [PDF, 136K] Login required.
Keynote Speaker: Girard Miller, GASB
- Download Presentation [PDF, 131K] Login required.
Session III: International Perspectives on Public Retirement Systems
- "Reforming the German Civil Servant Pension Plan"
Raimond Maurer and Ralph Rogalla, Goethe University of Frankfurt, and Olivia S. Mitchell, The Wharton School- Working Paper 2008-09 Login required.
- "Unification of Social Security Pension Schemes in Japan: Toward a Single Scheme for Both the Civil Servants and the Private Employees"
Junichi Sakamoto, Nomura Research Institute- Download Presentation [PDF, 185K] Login required.
- "The Outlook for Canada's Public Sector Employee Pensions"
Silvana Pozzebon, Ecole des Hautes Etudes Commerciales- Download Presentation [PDF, 291K] Login required.
- Discussant: Peter Brady, ICI
- Download Presentation [PDF, 71K] Login required.
- "Defined Contribution Pension Plans in the Public Sector: A Best Practice Benchmark Analysis"
Roderick B. Crane, Michael Heller, and Paul Yakoboski, TIAA-CREF- Download Presentation [PDF, 625K] Login required.
- "Between Scylla and Charybdis: Improving the Cost Effectiveness of DB Retirement Plans"
M. Barton Waring, Consultant- Download Presentation [PDF, 293K] Login required.
- Discussant: William Fornia, Aon Consulting
- Download Presentation [PDF, 547K] Login required.
Friday May 2, 2008
Session V: Costs and Benefits of Public Retirement Systems- "The New Intersection on the Road to Retirement: Public Pensions, Economics, Perceptions, Politics, and Interest Groups"
Beth Almeida and Kelly Kenneally, National Institute on Retirement Security, and David Madland, Center for American Progress- Download Presentation [PDF, 150K] Login required.
- "Pension Fund Activism: The Double-Edged Sword"
Brad M. Barber, UC Davis- Download Presentation [PDF, 293K] Login required.
- "Administrative Costs of State Defined Benefit and Defined Contribution Systems"
Edwin C. Hustead, Consultant- Download Presentation [PDF, 20K] Login required.
- Discussant: Thomas Nyhan, Central States Pension Fund
- Download Presentation [PDF, 35K] Login required.
Session VI: Roundtable
Chair: Gary Anderson, Consultant; Robert Schultze, Virginia Retirement System; Mark Iwry, Brookings Institution/Sullivan & Cromwell LLP; David Wilcox, Federal Reserve Board; Ralph Marsh, Houston Police Officers Pension System
For More Information
For more information, please contact:
Pension Research Council
The Wharton School, University of Pennsylvania
3000 Steinberg Hall - Dietrich Hall
Philadelphia, PA 19104-6302
Tel: 215.898.7620
Fax: 215.573-3418
Email: prc@wharton.upenn.edu
Pension Research Council
The Wharton School of the University of Pennsylvania
3620 Locust Walk, 3000 Steinberg Hall–Dietrich Hall
Philadelphia, PA 19104-6302
Tel: 215.898.7620 | Fax: 215.573.3418 | prc@wharton.upenn.edu
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