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Introduction to the Symposium

Author: NANCY MOHAN and TING ZHANG
Published in PFM, Vol. 16 No. 2

Many defined benefit public pension plans, due to economic challenges and demo-graphic trends, report significant underfunding of plan liabilities. This symposium addresses important issues surrounding the potential crisis such underfunding could cause. The arti-cles that follow this introduction provide insights into the causes of underfunding and sug-gests changes that could mitigate underfunding without changing the structure of the plan.

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