The Boston College Center for Retirement studies thinks it may have a new way to help sponsors of public pension funds understand how they're performing.
In a blog post, Alicia Munnell, director at the center, explained how she and her colleagues use the Unfunded Actuarial Accrued Liability, the change in the UAAL from the prior year, and information on factors influencing the change — information that all public pensions are required to report — to get a clearer picture of fund performance.
They do so by taking the existing data and aggregating it over a longer period, so that clearer trends can be established on factors outside trustees' control as well as where trustees have exercised questionable administration.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
