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Equable Institute: Providing Public Pension Education, Research, and Solutions
Equable Institute is a bipartisan nonprofit organization that is dedicated to providing public pension education, research, and solutions for employees, labor unions, management teams, taxpayers, and policy makers. The institute was founded in 2018 by Aaron Smith and Anthony Randazzo with the aim of addressing the challenges facing public pensions in the United States.
Public pensions are an essential part of our social safety net. They provide retirement security for millions of Americans who have dedicated their careers to serving their communities. However, many public pension plans are facing significant financial challenges due to a variety of factors such as demographic changes and economic volatility.
Equable Institute recognizes that these challenges require innovative solutions that balance the needs of all stakeholders involved in public pension systems. The institute's mission is to provide unbiased research-based analysis on issues related to public pensions while also offering practical solutions that can help improve these systems.
One of Equable's primary goals is to educate stakeholders about the complexities of public pension systems. This includes providing information on how these systems work as well as highlighting potential risks associated with them. By doing so, Equable hopes to foster informed discussions among stakeholders about how best to address these risks.
In addition to education efforts, Equable also conducts research on various aspects of public pensions such as funding levels and investment strategies. This research helps inform policymakers about potential reforms that could improve the sustainability and effectiveness of these systems.
Another key aspect of Equable's work involves developing practical solutions for improving public pension systems. These solutions are based on rigorous analysis and take into account the needs and perspectives of all stakeholders involved in these systems.
For example, one solution proposed by Equable involves creating hybrid retirement plans that combine elements from both defined benefit (DB) plans (which guarantee a certain level of benefits) and defined contribution (DC) plans (which allow employees more control over their retirement savings). Hybrid plans could help address some of the financial challenges facing public pension systems while also providing retirement security for employees.
Overall, Equable Institute is a valuable resource for anyone interested in public pensions. The institute's commitment to unbiased research and practical solutions makes it an essential partner for stakeholders involved in these systems. Whether you are an employee, labor union representative, management team member, taxpayer, or policymaker, Equable can provide you with the information and tools you need to make informed decisions about public pensions.
equable.org
