Evaluating employers’ defined benefit plans is relatively simple. With a limited group of beneficiaries and ironclad legal obligations for the employer, the financial outlook of the plan is easy to assess. But what about government-provided plans like Social Security―how could their liabilities and promises be assessed on the same rigorous standards?
European actuary and economist Simon Brimblecombe says that policymakers need to address questions like this to ensure that public defined benefits plans remain solvent in the future. Read his full recommendations in the article at The Actuary.