For Immediate Release: Thursday, April 14, 2011
Contact: Phoebe Silag or Karen Conner, news@epi.org 202-775-8810

Congressman Darrell Issa, Chair of the House Committee on Oversight and Government Reform, and other critics claim that public pensions have unfunded liabilities in the trillions of dollars—several times larger than conventional estimates. In Discounting Public Pensions, a new Economic Policy Institute Policy Memo, economist Monique Morrissey explains why concerns about pension fund shortfalls are grossly exaggerated.