Don Boyd, co-director of the State and Local Government Finance Project at the Center for Policy Research at the University of Albany’s Rockefeller College, spoke about the challenges facing New York City’s Teacher Retirement System in the wake of the COVID-19 financial crisis in City Journal this week.
In his conversation with Charles F. McElwee, Boyd discussed the findings of his recent study in conjunction with NYU Marron, which was funded by Equable. The study found that NYC TRS’s benefit design and funding policy posed notable risk to city taxpayers. In the wake of COVID-19, this has become even more apparent.
Read the full interview on City Journal.
This article republishes selections from “Covid-19 and the Public-Pension Crisis” an interview with Charles F. McElwee and Don Boyd for City Journal, 4/25/2020