Pension Basics: Pension Governance
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Explore the essentials of pension governance. Learn how pension boards and legislatures ensure retirement security for public employees.
Content Type: Resource
Pension Basics: Funded Status
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Learn how pensions measure their ability to pay benefits, the impact of unfunded liabilities, and why it matters to workers and taxpayers.
Pension Basics: Paying the Pension Bill
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Discover why paying the pension bill consistently is vital for pension stability and workers’ retirement security.
Pension Basics: Actuarially Determined Contributions
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Understand actuarially determined contributions (ADC). Learn why paying 100% of the ADC is necessary to maintain a healthy funded status.
Pension Basics: Unfunded Liabilities (aka Pension Debt)
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Learn about unfunded liabilities, why funding shortfalls occur, and how governments use amortization payments to pay down this pension debt.
Pension Basics: Normal Cost
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Learn about normal cost, understand how it’s calculated, and see how contributions are split between employees and employers.
Pension Basics: The Pension Funding Formula
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Learn how the pension funding formula balances liabilities with contributions and investment returns to ensure long-term solvency.
Pension Basics: Vesting
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Understand how vesting works in public pensions. Learn about service requirements, vesting rules, and how vesting periods changed over time.
The Pension Basics Series
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Our Pension Basics series breaks down how public pension plans work, from guaranteed income to pension debt and benefit eligibility.
Pension Basics: Assumed Rate of Return
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Discover the assumed rate of return. Learn how it’s determined, its role in funding, and common myths regarding benefits.