Halting a Runaway Train: Reforming Teacher Pensions for the 21st Century

Michael B. Lafferty:

When it comes to public-sector pensions, writes lead author Michael B. Lafferty in Fordham’s newest report, “A major public-policy (and public-finance) problem has been defined and measured, debated and deliberated, but not yet solved. Except where it has been.” As recounted in Halting a Runaway Train: Reforming Teacher Pensions for the 21st Century, these exceptions turn out to be revealing–and encouraging. As leaders around the country struggle to overhaul America’s controversial and precarious public-sector pensions, this study draws on examples from diverse fields to provide a primer on successful pension reform. Download to find valuable lessons for policymakers, workers, and taxpayers looking for timely solutions to a dire problem.

The complete report can be downloaded here.