Public pension reforms are not impacting public employee turnover rates - Reason Foundation

Reason Foundation: Public employee turnover rates, Alaska lawmakers weigh system options. Plus: Michigan proposal would divert funding from underfunded teacher plan. Mississippi has chance to emulate successful reforms, and more. Reason Foundation will feature a panel of experts on pension reform in the coming weeks.

Public pension reforms aren't impacting public employee turnover rates, says Reason Foundation. Turnover rates seem to have little to do with retirement plan structure and compensation. State pension reforms have little impact on public employees' turnover rates in states that switched from defined benefit to defined contribution retirement plans.

Texas, Arizona, North Dakota and Michigan are among the states passing reforms to reduce public pension costs and debt while keeping promises to public workers. Mississippi lawmakers can take the best from other successful state pension reforms - Reason Foundation. The state must also keep promises to its public workers, according to the foundation.

Alaska's unfunded pension liabilities for current and retired public employees have grown to a combined $6.7 billion. This analysis shows that the vast majority of Alaska’s public employees would be better served in the existing defined contribution plan. Alaska's pension liabilities are now at a combined total of more than $6 billion.

Alaska's unfunded pension liabilities for current and retired public employees have grown to a combined $6.7 billion. This analysis shows that the vast majority of Alaska’s public employees would be better served in the existing defined contribution plan. Alaska's pension liabilities are now at a combined total of more than $6 billion.