School Finance, Governance
Mike Lafferty
When it comes to public-sector pensions, writes lead author Mike Lafferty in this report, "A major public-policy (and public-finance) problem has been defined and measured, debated and deliberated, but not yet solved. Except where it has been." As recounted in "Halting a Runaway Train: Reforming Teacher Pensions for the 21st Century," these exceptions turn out to be revealing—and encouraging. As leaders around the country struggle to overhaul America's controversial and precarious public-sector pensions, this study draws on examples from diverse fields to provide a primer on successful pension reform. Download to find valuable lessons for policymakers, workers, and taxpayers looking for timely solutions to a dire problem.