An Assessment of the 2001 Reform of the Railroad Retirement Program

Steven Sass ()

Working Papers, Center for Retirement Research at Boston College from Center for Retirement Research

Abstract: The primary concern of Congress in enacting the Railroad Retirement and Survivor’s Improvement Act of 2001 was the risk of political influence on investment decisions. A secondary concern was the financial performance of the redesigned program. The experience to date supports the notion that reforms created an exemplary manager of public pension assets. Of more concern is the financial performance of the redesigned program. The program weathered the challenging financial conditions during the first decade of reform. The experience nevertheless exposed limitations in the ability of its innovative automatic stabilizer to steady the program’s finances.

Pages: 31 pages
Date: 2013-06
New Economics Papers: this item is included in nep-age
References: Add references at CitEc
Citations:

Downloads: (external link)
http://crr.bc.edu/working-papers/an-assessment-of- ... -retirement-program/ R

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:crr:crrwps:wp2013-14

Access Statistics for this paper

More papers in Working Papers, Center for Retirement Research at Boston College from Center for Retirement Research Contact information at EDIRC.
Bibliographic data for series maintained by Amy Grzybowski () and Christopher F Baum ().