About
Fellows
Issues
Library & Archives
Hoover+
Events
Subscriptions
Research Programs
Support
MyHoover
MyHoover

What is MyHoover?

MyHoover delivers a personalized experience at Hoover.org. In a few easy steps, create an account and receive the most recent analysis from Hoover fellows tailored to your specific policy interests.

Watch this video for an overview of MyHoover.
Create Account

Log In to MyHoover

Your Email

Password

Forgot Password?

Forgot Password

Login?

MyHoover
MyHoover

What is MyHoover?

MyHoover delivers a personalized experience at Hoover.org. In a few easy steps, create an account and receive the most recent analysis from Hoover fellows tailored to your specific policy interests.

Watch this video for an overview of MyHoover.
Create Account

Log In to MyHoover

Your Email

Password

Forgot Password?
Don't have an account? Sign up

OR

Have questions? Contact us

Forgot Password

Login?
Support Hoover
Support Hoover

Learn more about joining the community of supporters and scholars working together to advance Hoover’s mission and values.
Learn More
Support the Mission of the Hoover Institution

Subscribe to the Hoover Daily Report

Follow Hoover on Social Media

Make a Gift

Your gift helps advance ideas that promote a free society.

Donate Now

Essays

Pension Reform: Conceptual Foundations and Practical Challenges

Underfunded pensions are the largest liability for state and local governments nationwide. With increasing recognition of the associated risks, recent mandates have led to sharp increases in required contributions, threatening city services and employee bases. Pension reform offers a viable tool for prudent economic policy. This paper offers five general principles to guide pension reform and illustrates their application in the context of several local governments.

Thursday, June 15, 2023 0 min read By:

Seamus H. Duffy, Oliver Giesecke,

Research Team: State and Local Governance Initiative,

Pension Reform: Conceptual Foundations And Practical Challenges

By: Seamus H. Duffy Oliver Giesecke

DOWNLOAD THE ESSAY

Pension Reform: Conceptual ... by Hoover Institution

About the Authors

Seamus H. Duffy is currently a research analyst for the state and local governance initiative at the Hoover Institution. His research focus includes state and local pension plans, the energy industry, and public finance. He graduated with a BA in mathematics and economics from Creighton University in 2021.

Oliver Giesecke is a research fellow at Hoover with comprehensive experience in the financial sector. His recent academic focus is on the fiscal consequences of public pension in the United States. He has also studied how state and local governments’ finances interact with the real economy, the transmission of monetary policy on a cross section of firms, and the textual analysis of Federal Reserve reports.