Public Sector Pension Plans in California: How Big Is the Problem?

Kilgour, John G.

doi:10.1177/0886368707299173

Compensation & Benefits Review

2007

DOI: 10.1177/0886368707299173

|View full text |Cite

Public Sector Pension Plans in California: How Big Is the Problem?

John G. Kilgour

Abstract: A closer look at how the funding status and structure of public plans undercuts common assumptions and challenges proposed solutions.

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2011

Publication Types

Select...

Article1

Relationship

Self Cite1

Independent0

Authors

Journals

Cited by 1 publication

(1 citation statement)

References 1 publication

(1 reference statement)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…An earlier article 1 examined state and local government pension plans in California through about 2007. Most of the plans had become well funded, if not overfunded, during the 1990s but had then been devastated by the recession of 2001.…”

mentioning

confidence: 99%

California’s Public Sector Pension Plans in Perspective

Kilgour

2011

Compensation & Benefits Review

Self Cite

View full text Add to dashboard Cite

The recession of 2001 caused funding problems for public sector pension plans in California and throughout the United States. By 2007, they had largely recovered only to be devastated by the Great Recession that began in the fourth quarter of 2008, the effects of which are still with us. Matters have been exacerbated and complicated by the adoption of Governmental Accounting Standards Board's Statement 45, which requires that other postemployment benefits (OPEBs), mainly retiree health care obligations, be included in financial statements. Pension plans are prefunded. OPEBs are not. For this and other reasons, the two should be addressed separately. Although there are problems, California's public sector pension plans are in better shape than one would gather from what has been reported by the media. OPEBs are a larger and more difficult problem.

show abstract

mentioning

confidence: 99%

California’s Public Sector Pension Plans in Perspective

Kilgour

2011

Compensation & Benefits Review

Self Cite

View full text Add to dashboard Cite

show abstract

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

hi@scite.ai

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

Public Sector Pension Plans in California: How Big Is the Problem?

Abstract: A closer look at how the funding status and structure of public plans undercuts common assumptions and challenges proposed solutions.

Cited by 1 publication

References 1 publication

California’s Public Sector Pension Plans in Perspective

California’s Public Sector Pension Plans in Perspective

Contact Info

Product

Resources

About