Public Pensions

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Why Are Public Pensions Often Underfunded?

Defined-benefit pension systems are essentially promises. The government promises a specific benefit to beneficiaries when they retire. You would think that these plan participants would want their pension system to […]

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Testimony: The Need for Real Pension Reform

On Wednesday, September 11, Show-Me Institute Director of Government Accountability Patrick Ishmael will testify on public pension reform before the Missouri Senate MODOT and Patrol Employees’Retirement System Study Committee. Click […]

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We Could Give Teachers a Ten Percent Raise Next Year

In a recent op-ed, I asked, “Why do our best superintendents always leave?” The answer was obvious—the pension system. After working for 30 or 31 years, superintendents can draw almost […]

Support for Teachers? Or Just Some Teachers?

Want to lose the interest of a room quickly? Bring up pensions. In the 1980s, most private-sector employees were in defined-benefit plans that guaranteed them a steady income after retirement. […]

Ask An Economist: Can a Strong Market Fix Missouri’s Pension Crisis?

Can above-average investment returns solve Missouri’s pension crisis? Dr. Andrew Biggs of the American Enterprise Institute reveals the answer in our “Ask an Economist” series. Learn more about pension reform […]

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Public Employee Pensions in Missouri: A Looming Crisis

The Missouri State Employees Retirement System (MOSERS) has seen its funding health decline in recent years even as the required government contributions to the plan have increased. Policymakers are searching […]

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Advancing liberty with responsibility by promoting market solutions for Missouri public policy.