An assessment of the 2001 reform of the Railroad Retirement program

Sass, Steven A. “An assessment of the 2001 reform of the Railroad Retirement program”. CRR WP 2013-14, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, June 2013. http://hdl.handle.net/2345/bc-ir:104767.
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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, free of political influence. 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.

Title
An assessment of the 2001 reform of the Railroad Retirement program
Author
Sass, Steven A.
Center
Center for Retirement Research
Genre
working paper
Date Issued
June 2013
Publisher
Center for Retirement Research at Boston College
Series Title
CRR WP
Series Number
2013-14
Persistent Link
http://hdl.handle.net/2345/bc-ir:104767
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing retirement

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