States Consider Asset Transfers as Way to Shore up Funding
How to effectively sustain pension funding is an issue that is becoming increasingly urgent to state and local governments. What can be done when taxation, growth or other traditional solutions simply won’t work?
State and local governments continually find themselves in trouble when it comes to pension liabilities. And there’s a feeling that time is quickly running out. But there is hope. Innovation, the use of government-owned assets to create new revenue streams, and other creative paths forward promise to provide some relief. However, it’s not without risk or political overtones.
Michael Imber, EisnerAmper Managing Director and Public Sector Advisory Leader, spoke with Brian Croce of Pensions & Investments about who the key players are, some of the innovative solutions being developed, and if they go far enough in addressing this endemic problem.
Read more about this next chapter in the pension funding battle.