We take apart the "three-legged" stool of public pension funding, and explain why taxpayers should care about wonky details like discount rates and private equity fees. Natalie Cohen from National Municipal Research, Inc. walks us through the current public pension landscape, including into who decides where pension money goes, pension investing in the face of market volatility and normalizing interest rates, pensions and ESG, and why pension contributions relative to annual spending is "a thing," among other topics. In Ripped from the Headlines we follow up on Liz's recent work on pension governance.

Links to Liz's articles mentioned in Ripped from the Headlines:

https://www.route-fifty.com/finance/2023/01/chester-pennsylvania-municipal-chapter-9-bankruptcy/382142/

https://lizfarmer.substack.com/p/who-polices-pensions