My colleague Chad Aldeman and I have a new opinion piece out in The 74 Million. In it, we argue that many states are simply ill-equipped to address their rising teacher pension costs and mounting unfunded liabilities. We propose the federal government has a role to play here, by providing financial assistance in exchange for critical pension reforms:

…The federal government could offer states pension bailouts in exchange for changes that address longer-term systemic issues, such as meeting actuarially required contributions, using more conservative investment assumptions and implementing a risk-sharing pool for underfunded pension plans.

Read the full op-ed here. And check out our new report on teacher pension reform in West Virginia here.