Research Project
Long-term Liabilities: Pensions, OPEBs and Infrastructure, by Martin Luby, Gary Strong, and David Saustad
- Research Area(s)
- Debt and Long-Term Obligations
- Government Finance Research
- Public Pensions
Abstract
In the 2018 Urban Forum White Paper, Long-term Liabilities: Pensions, OPEBs and Infrastructure, authors Martin Luby, Gary Strong, and David Saustad from the University of Texas at Austin, discuss how local governments can create short-term savings by underfunding long-term liabilities such as pensions, post-retirement health care and repair and maintenance of fixed asset and infrastructure. But such practices cannot continue indefinitely without creating serious fiscal challenges for local governments. Published: August 2018 Publisher: UIC Government Finance Research Center Read the White Paper here