New Research. 3 Reasons to Remain Calm over Pension Unfunded Liabilities.

Who conducted the research? Federal Reserve Board, Bank of England, & the Brookings Institute

What are 3 reasons it found to not panic over unfunded pension liabilities?

• fully funding pensions is not necessarily right, it’s just assumed to be the right thing
• pension debt is stable if its size relative to the economy doesn’t increase
• analysis of pensions should be from a “public finance [and sustainability] angle” which would not find a crisis

Governing | What Crisis? The Case for Not Panicking Over Pension Debt.