Judicial Symposium on the Economics and Law of Public Pension Reform

Event Date: Sunday, September 14 to Tuesday, September 16, 2014

Location: The Fairmont San Francisco Hotel, San Francisco, California

Program Description: The Judicial Symposium on the Economics and Law of Public Pension Reform discussed the looming financial and structural crisis facing state pensions systems across the nation. With several dozen states adopting modest to major reforms, the economic impact on plan beneficiaries will be substantial, and at least twenty-five jurisdictions are facing lawsuits due to the reforms adopted.

This symposium comprehensively outlined the underlying structure of pension systems, addressed the differences between public and private pensions, and detailed the unfunded liabilities and potential bankruptcy issues arising from this crisis. It also discussed the legal challenges to reform efforts under state constitutions citing both the contacts clause and the takings clause.

The symposium was structured to allow ample time for participant dialogue with speakers and panelists.




The Financial Structure of Pensions

D. Bruce Johnsen, Professor of Law, George Mason University School of Law
Director, Mason Judicial Education Program, Law & Economics Center



The Public Pension Crisis

Joshua D. Rauh, Professor of Finance, Stanford Graduate School of Business
Senior Fellow, Hoover Institution, Stanford University



Bankruptcy and The Public Pension Crisis

Keynote: David A. Skeel, S. Samuel Arsht Professor of Corporate Law, University of Pennsylvania Law School



Pension Reform Options

Eileen C. Norcross, Senior Research Fellow, Mercatus Center, George Mason University



Legal Questions Raised by Pension Reform

Amy B. Monahan, Julius E. David Professor of Law, University of Minnesota School of Law



Audience Q & A



Pension Reforms in Practice

Theodore Orson, Co-Founder, Orson and Brusini Ltd. 

Paul R. Glassman, Shareholder, Stradling Yocca Carlson & Rauth, PC

Henry C. Kevane, Managing Partner, Pachulski Stand Ziehl & Jones LLP

Moderator: Todd J. Zywicki



Economic and Legal Issues

Jack M. Beermann, Harry Elwood Warren Scholar & Professor of Law, Boston University School of Law

Michael J. Podgursky, Professor of Economics, University of Missouri

Anthomy M. Randazzo, Director of Economic Research, Reason Foundation

Alexander Volokh, Associate Professor of Law, Emory University School of Law

Moderator: Todd J. Zywicki



Roundtable Discussion


For More Information, Contact: Mason Judicial Education Program