title: Liquidity-related plan asset issues.
abstract: By about 2025, most baby boomers will have retired, which will put a tremendous strain on public sector pension plans. Many will experience negative cash flows, and liquidity will be an increasing concern. Asset/liability studies can help measure the effect of this risk on system funding and contribution requirements, resulting in more informed asset allocation choices and benefit policies.
authors.forename: B B
authors.initials: BB
authors.lastname: Murphy
authors.forename: M K
authors.initials: MK
authors.lastname: Johnson
authors.forename: W P
authors.initials: WP
authors.lastname: Zorn
mesh_terms: D000368:Aged; D016361:Bankruptcy / Q000458:organization & administration*; D006801:Humans; D010415:Pensions / Q000706:statistics & numerical data*; D011157:Population Dynamics; D012179:Retirement / Q000191:economics*; D012308:Risk Management; D014481:United States