Public-Pension Deficits: How Big? Can They Ever Be Paid?

Video of this event will be livestreamed online at http://american.com/archive/2010/september/public-pension-deficits-how-big-can-they-ever-be-paid

Pensions for public-sector employees are consuming such escalating shares of state and local budgets that governments are faced with the choice between paying for current police, teachers, and firefighters and paying benefits to retired employees. It could be much worse. Economists increasingly challenge the accounting used by public-sector pensions, arguing that it hides trillions of dollars in unfunded liabilities that put budgets and taxpayers at serious risk. Taxpayer risk may be exacerbated as pension funds move their investments into more exotic instruments, such as foreign stocks, hedge funds, and private equity, to try for higher returns. So, how big is the public-pension deficit? As the Governmental Accounting Standards Board reviews public-pension accounting, what should it focus on? What are the possible consequences of these changes? At this event, a panel of retirement experts and public policy economists will address the growing threats to the pension liabilities of states and municipalities.

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Wednesday, September 03, 2014 | 9:00 a.m. – 10:30 a.m.
From anarchy to Augustus: Lessons on dealing with disorder, from Rome’s first emperor

We invite you to join us for two panel discussions on how Augustus created order from chaos 2,000 years ago, and what makes for durable domestic and international political systems in the 21st century.

Wednesday, September 03, 2014 | 12:00 p.m. – 1:30 p.m.
Multiple choice: Expanding opportunity through innovation in K–12 education

Please join us for a book launch event and panel discussion about how a marketplace of education options can help today's students succeed in tomorrow's economy. Attendees will receive a complimentary copy of the featured book.

Thursday, September 04, 2014 | 12:00 p.m. – 1:30 p.m.
How conservatives can save the safety net

Please join us for a luncheon event in which our panel will discuss what conservatives can learn from how liberals talk and think about the safety net and where free-market economics, federalism, and social responsibility intersect to lift people out of poverty.

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No events scheduled today.
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No events scheduled this day.
No events scheduled this day.
No events scheduled this day.