Looking at Pension Reform in Higher Education
On October 12, IGS, in conjunction with the Center for Studies in Higher Education (CSHE) and the Goldman School of Public Policy hosted a talk on "Pension Reform in Public Higher Education" featuring James A. Hyatt, the current Associate Director of CSHE.
Hyatt shared a survey conducted by CSHE that examined a cross-section of public, private and liberal arts universities in 11 states. The survey aimed to examine the gains and consequences of various retirement plans, such as defined benefit plans, defined contribution plans and a hybrid of defined benefit and defined contribution plans. Hyatt also examined several pension reform strategies for creating the most effective remedy in the higher education system, as well as addressing the shortcomings of universities to communicate with one another and share information regarding their experience with pension strategies. Hyatt also discussed the evolving scope of issues that affect pensions, such as increased life expectancy, and the need to develop education strategies for participants as well as providers.