407 - Pension Reform Strikes Back

Following the Great Recession, many public pension systems implemented significant pension reforms – closing defined benefit (DB) plans to new hires, creating reduced benefit tiers, or suspending COLAs. In recent years, a surprisingly counter trend has emerged: A number of these reforms are being partially or fully reversed. This session will examine real-world case studies of DB plan re-openings, tier restorations, and COLA reinstatements. We will explore the workforce, fiscal, and political dynamics driving these reversals, and the lessons they offer for designing sustainable, resilient pensions. Attendees will gain deep insight into how workforce effects fiscal policy and stakeholder engagement can make or break pension reform.

Speakers:

Brian Septon

Septon Strategies

Dan Doonan

Elizabeth A. Wiley

Cheiron, Inc.

Credits:

CPD Credit: 2.00 EA Core Credit: EA Ethics Credit: EA Non-Core Credit: 2.00 EA Formal Credit: 2.00