State and Local Pensions.

• Position: Conferences

An NBER Conference on State and Local Pensions, organized by Research Associate Jeffrey Brown of the University of Illinois and Robert Clark of North Carolina State University, took place on August 19 and 20, 2010. The following papers were discussed:

* Henning Bohn, University of California, Santa Barbara, "Should Public Retirement Plans be Fully Funded?"

* Jean-Pierre Aubry, Alicia Munnell, and Laura Quinby, Boston College, "Public Pension Funding Standards in Practice"

* Sylvester Schieber, Towers Watson, "Political Economy of Public Sector Retirement Plans"

* Robert Novy-Marx, University of Chicago and NBER, and Joshua D. Rauh, Northwestern University and NBER, "Policy Options for State Pensions Systems and Their Impact on Plan Liabilities"

* George Pennacchi and Mahdi Rastad, University of Illinois, "Portfolio Allocation for Public Pension Funds"

* Eduard Ponds, Netspar, and Clara Severinson and Juan Yermo, OECD...