April 2026

Canada. Thousands of federal workers seek early retirement

About 4,600 federal public servants have applied for an early retirement package since the application window opened last month, as the Canadian government moves to reduce the size of its workforce by 2029, according to a government official. Mohammad Kamal, director of communications for Treasury Board president Shafqat Ali, told CTV News Ottawa on Wednesday that applications have been coming in since the process opened on March 27. Public servants have until July 24 to apply for the Early Retirement...

The UK needs a big debate on the sustainability of TPS for post-92s

The recent rise in employer contributions to the Teachers’ Pension Scheme (TPS) to 28.68 per cent – almost double that of the Universities Superannuation Scheme (USS) – presents a genuine and growing challenge for institutions legally required to offer it. We absolutely agree that university staff deserve competitive salaries with generous benefits and high-quality pensions. The question is how universities can sustain that commitment responsibly at a time when all universities are facing financial challenges for a variety of well-documented reasons. Urgent action is needed, and many universities are looking...

March 2026

US. How Pension Funds Can Support Growth and Build an Economy That Benefits Workers

Private equity firms have increasingly come under fire for actions that are making life more difficult and unaffordable, such as driving up the prices of single-family homes, closing hospitals that aren’t profitable enough, and laying off workers at companies they have purchased. New efforts by public pension funds are hoping to counter these bad practices and instead promote investments that benefit communities and workers. Public pension funds have the ability to drive investment in our economy to promote shared prosperity while seeking competitive risk-adjusted returns....

US. How every state’s public pension system ranks

Reason Foundation’s 2025 Pension Solvency and Performance Report ranks every state’s pension system across five dimensions—funded status, investment performance, contribution adequacy, asset allocation risk, and the probability of meeting assumed returns—based on the latest fiscal year data from nearly every major plan in the country. The sections below summarize the strongest and weakest performers in each category. For each state, the results reflect the aggregate values of its major pension systems, including plans administered at both the state and local...

February 2026

Mission Driven Public Sector Pension Investment Board

By PSP Investments  Our mission inspires us. Together with our mandate. it shapes how we invest. We focus on the long term and seek to caretully consider sustainability-related risks and opportunities that may affect long-term value creation and the resilience of our portfolio. We are progressively embedding accountability for sustainability across the organization. As we proceed, we are learning and evolving our strategies with the aim of reaching better investment outcomes and improving our ability to deliver on our mandate. This report...

Sri Lanka ends parliamentary pensions to prune perks for politicians

Sri Lanka’s parliament abolished pensions for all legislators and their widows on Tuesday, in line with a government pledge to prune the perks of politicians. “When people see the quality of debate and what members say in this House, they don’t think MPs deserve a pension,” Justice Minister Harsana Nanayakkara told parliament as it voted to stop pensions with immediate effect. The leftist government of President Anura Kumara Dissanayake repealed the 49-year-old Parliamentary Pensions Act just months after withdrawing housing, vehicles and...

Public Pensions and the Strategic Timing of Formal Employment

  By Diego Vera Cossio, Mariano Bosch, Jonathan M. Leganza, Tatiana Mojica & María Laura Oliveri We study how public pensions impact lifecycle labor supply decisions. Our analysis centers on pension eligibility rules in Ecuador. We first use administrative data to document and unpack retirement spikes at eligibility ages. Next, we use survey data and regression discontinuity to investigate whether eligibility rules influence earlier-inlife decisions about when to work formally versus informally. We find discontinuous increases in transitions to formal employment...

January 2026

US. Congress Racing to Avoid Shutdown: What It Means for Retirement Plans

President Trump and Senate Democrats reportedly reached a funding agreement on Thursday night to avoid a partial government shutdown, but a lot of elements need to fall into place in a very short period to avoid a shutdown. According to Politico, Trump and the Democrats have agreed to separate out the Department of Homeland Security (which includes Immigration and Customs Enforcement) from the larger spending bill moving through Congress, and approve that bill, along with a short-term continuing resolution to...

Equable Institute Analysis: U.S. Public Pension Funds Close 2025 with Strong Returns

Equable Institute released a year-end update to its State of Pensions 2025 report. The analysis finds the aggregate funded ratio for U.S. state and local retirement systems are on track to improve from 78.0% in 2024 to 82.5% in 2025, based on data available through December 31st, 2025. Equable Institute estimates that unfunded liabilities will total $1.27 trillion for the 2025 fiscal year, compared to $1.54 trillion at the end of 2024. Strong market performance and record high contribution rates...

December 2025

Labor Supply and Savings Responses to Increasing the Pension Eligibility Age in South Korea

By Janghyeok An, Devon Gorry & Jonathan M. Leganza We study how South Koreans responded to an increase in the full pension eligibility age. Using a regression discontinuity design, we document the causal effects of the change on several potential margins of adjustment. We find clear evidence of delayed benefit claiming, consistent with studies in other settings. However, we find little to no statistical evidence of changes in labor supply, in contrast with previous literature. We also find no changes...