Public Plans Community Call | Aug. 19

July 29, 2022

CCA / NIRS Innovative Public Pension Funding Strategies Contest Winner, David Draine

Friday, August 19 | 10:30 a.m. CT

Join the third and final Public Plans Community call discussing one of the winning papers from the recent CCA / NIRS innovative funding strategies contest. David Draine will present his paper “Reserve Fund Stabilized Contribution Policy—A Model Public Pension Funding Policy,” followed by an open discussion. Participants will have the opportunity to ask the authors questions as well as discuss their thoughts about this submission. 

The Reserve Policy, as presented in this paper, is a potential funding policy for state and local sponsors of pension benefits that builds on standard actuarial funding approaches to achieve greater predictability in contribution rates. The policy has similarities to the funding policy used in Tennessee’s hybrid pension plan design as well as the pre-funding trusts and side accounts available to employers participating in CalPERS and Oregon PERS, respectively. It also features a transition strategy for existing plans or tiers. Read the paper.