Who\u27s Afraid of Good Governance? State Fiscal Crises, Public Pension Underfunding, and the Resistance to Governance Reform

Much attention has been paid to the significant underfunding of many state and local employee pension plans, as well as efforts by states and cities to alleviate that underfunding by modifying the benefits provided to workers. Yet relatively little attention has been paid to the systemic causes of such financial distress — such as chronic underfunding that shifts financial burdens to future taxpayers, and governance rules that may reduce the likelihood that a plan’s trustees will make optimal investment decisions. This article presents the results of a qualitative study of the funding and governance provisions of twelve public pension plans that are a mix of state and local plans of various funding levels. We find that none of the plans in our study satisfy the best practices that have been established by expert panels, but also that the strength of a plan’s governance provisions does not appear correlated with a plan’s financial health. Our most important finding is that, regardless of the content of a plan’s governance provisions, such provisions are almost never effectively enforced. This lack of enforcement, we theorize, has a significant, detrimental impact on plan funding and governance. If neither plan participants nor state taxpayers are able to effectively monitor and challenge a state’s inadequate funding or improper investment decisions, public plans are very likely to remain underfunded. We conclude by offering several possible reform options to address the monitoring and enforcement problems made clear by our study: automatic benefit haircuts, automatic tax increases, a low-risk investment requirement, and market monitoring through the use of modified pension obligation bonds. public pensions, governance, public pension refor

Who’s Afraid of Good Governance? State Fiscal Crises, Public Pension Underfunding, and the Resistance to Governance Reform

Much attention has been paid to the significant underfunding of many state and local employee pension plans, as well as to efforts by states and cities to alleviate that underfunding by modifying the benefits provided to workers. Yet relatively little attention has been paid to the systemic causes of such financial distress—such as chronic underfunding that shifts financial burdens to future taxpayers, and governance rules that may reduce the likelihood that a plan’s trustees will make optimal investment decisions. This Article presents the results of a qualitative study of the funding and governance provisions of twelve public pension plans that are a mix of state and local plans of various funding levels. We find that none of the plans in our study satisfy the best practices that expert panels have established, and that the strength of a plan’s governance provisions does not appear correlated with a plan’s financial health. Our most important finding is that, regardless of the content of a plan’s governance provisions, such provisions are almost never effectively enforced. This lack of enforcement, we theorize, has a significant, detrimental impact on plan funding and governance. If neither plan participants nor state taxpayers are able to effectively monitor and challenge a state’s inadequate funding or improper investment decisions, public plans are very likely to remain underfunded. This Article concludes by offering several possible reform options to address the monitoring and enforcement problems made clear by our study: automatic benefit reductions, automatic tax increases, a low-risk investment requirement, and market monitoring through the use of modified pension obligation bonds

Who’s Afraid of Good Governance? State Fiscal Crises, Public Pension Underfunding, and the Resistance to Governance Reform

Much attention has been paid to the significant underfunding of many state and local employee pension plans, as well as to efforts by states and cities to alleviate that underfunding by modifying the benefits provided to workers. Yet relatively little attention has been paid to the systemic causes of such financial distress—such as chronic underfunding that shifts financial burdens to future taxpayers, and governance rules that may reduce the likelihood that a plan’s trustees will make optimal investment decisions. This Article presents the results of a qualitative study of the funding and governance provisions of twelve public pension plans that are a mix of state and local plans of various funding levels. We find that none of the plans in our study satisfy the best practices that expert panels have established, and that the strength of a plan’s governance provisions does not appear correlated with a plan’s financial health. Our most important finding is that, regardless of the content of a plan’s governance provisions, such provisions are almost never effectively enforced. This lack of enforcement, we theorize, has a significant, detrimental impact on plan funding and governance. If neither plan participants nor state taxpayers are able to effectively monitor and challenge a state’s inadequate funding or improper investment decisions, public plans are very likely to remain underfunded. This Article concludes by offering several possible reform options to address the monitoring and enforcement problems made clear by our study: automatic benefit reductions, automatic tax increases, a low-risk investment requirement, and market monitoring through the use of modified pension obligation bonds

Surface, but Not Age, Impacts Lower Limb Joint Work during Walking and Stair Ascent

Older adults often suffer an accidental fall when navigating challenging surfaces during common locomotor tasks, such as walking and ascending stairs. This study examined the effect of slick and uneven surfaces on lower limb joint work in older and younger adults while walking and ascending stairs. Fifteen young (18–25 years) and 12 older (\u3e65 years) adults had stance phase positive limb and joint work quantified during walking and stair ascent tasks on a normal, slick, and uneven surface, which was then submitted to a two-way mixed model ANOVA for analysis. The stair ascent required greater limb, and hip, knee, and ankle work than walking (all p \u3c 0.001), with participants producing greater hip and knee work during both the walk and stair ascent (both p \u3c 0.001). Surface, but not age, impacted positive limb work. Participants increased limb (p \u3c 0.001), hip (p = 0.010), and knee (p \u3c 0.001) positive work when walking over the challenging surfaces, and increased hip (p = 0.015), knee (p \u3c 0.001), and ankle (p = 0.010) work when ascending stairs with challenging surfaces. Traversing a challenging surface during both walking and stair ascent tasks required greater work production from the large proximal hip and knee musculature, which may increase the likelihood of an accidental fall in older adults

Surface, but Not Age Impact Lower Limb Joint Work During Walk and Stair Ascent

During common locomotor activates, such as walk or stair negotiation, older adults exhibit unfavorable lower limb biomechanical changes, including diminished joint torque and power, and proximal mechanical work redistribution that may increase their fall risk. Twelve young (18 to 25 years) and 12 older (\u3e 65 years) adults performed a walk and stair ascent task on a normal, slick, and uneven surface. For each walk and stair ascent trial, synchronous 3D marker trajectories and GRF data were collected. Stance phase positive limb and joint work, and relative joint work were submitted to statistical analysis. Ascending stairs required more positive work than the walk, particularly from the knee, which may increase fall risk. Yet, both walking and ascending stairs over a challenging surface required more, proximally distributed work

Surface, but Not Age Impacts Lower Limb Joint Work During Stair Ascent

Introduction: Age-related loss in lower limb strength, particularly at the ankle, may impair older adults (over 65 years of age) mobility, and result in biomechanical deficits compared to their younger counterparts. Older adults tend to walk slower with shorter steps and exhibit diminished ankle joint kinetics (i.e., moment, power and work). Although the compromised ankle function leads older adults to produce smaller ankle joint torques and power output, reducing forces to propel the center of mass forward, it is unclear if they redistributed, or increase hip or knee work to safely walk, particularly when challenged with an uneven or slick surface. Objective: To compare positive lower limb work for young and older adults when walking over challenging surfaces, and determine whether redistributed power output. Methods: Twenty-eight (16 young, 18 to 25 years and 12 older, over 65 years) adults had positive work in the lower limb quantified when walking a self-selected speed over three surfaces (normal, uneven, and slick). Total limb, hip, knee and ankle positive work, and relative effort (% of total) at each joint were submitted to RM ANOVA to test main effect and interaction between surface (normal, uneven, and slick) and age (young and older adults). Results: Surface, but not age impact positive lower limb work. Surface impacted total limb (p=0.000), hip (p=0.007) and knee (p=0.001) positive work. The limb and knee produced more positive work on the uneven compared normal (

Novel implementation of experiential learning in health and wellbeing in a university setting

[EN] Healthy UCD is a health promotion initiative in University College Dublin (UCD) which aims to create a sustainable healthy campus for all members of the UCD community. In recent years, Healthy UCD has worked with staff from across the university to provide opportunities for experiential learning to UCD students in areas related to health and wellbeing. The initiative currently has involvement in three modules: 1) Practice Placement – a core MSc in Clinical Nutrition and Dietetics module where students plan and implement a university-wide Healthy Eating Week, 2) Event Management – a core module undertaken by second-year BSc Sport & Exercise Management students, and 3) Student Health & Wellbeing – an undergraduate elective module which challenges students to reflect on issues which affect their own health and wellbeing and that of those around them and then develop a student-focused Healthy UCD campaign. This paper will outline how experiential learning is implemented in these modules, how students are assessed, and the perceptions of students who complete these modules.Heffernan, M.; Fitzpatrick, P.; Bermingham, A.; Neville, R.; Dervan, N.; Corish, C.; Murrin, C.... (2021). Novel implementation of experiential learning in health and wellbeing in a university setting. En 7th International Conference on Higher Education Advances (HEAd'21). Editorial Universitat Politècnica de València. 1035-1042. https://doi.org/10.4995/HEAd21.2021.13069OCS1035104

Early Life Nutrition Modulates Muscle Stem Cell Number: Implications for Muscle Mass and Repair

Suboptimal nutrition during prenatal and early postnatal development is associated with increased risk for type 2 diabetes during adult life. A hallmark of such diabetes risk is altered body composition, including reduced lean mass and increased adiposity. Since stem cell number and activity are important determinants of muscle mass, modulation of perinatal nutrition could alter stem cell number/function, potentially mediating developmentally programmed reductions in muscle mass. Skeletal muscle precursors (SMP) were purified from muscle of mice subjected to prenatal undernutrition and/or early postnatal high-fat diet (HFD)—experimental models that are both associated with obesity and diabetes risk. SMP number was determined by flow cytometry, proliferative capacity measured in vitro, and regenerative capacity of these cells determined in vivo after muscle freeze injury. Prenatally undernutrition (UN) mice showed significantly reduced SMP frequencies [Control (C) $4.8\%\pm0.3\%$ (% live cells) vs. UN $3.2\%\pm0.4\%, P = 0.015$] at 6 weeks; proliferative capacity was unaltered. Reduced SMP in UN was associated with 32% decrease in regeneration after injury ($C 16\%\pm3\%$ of injured area vs. $UN 11\%\pm2\%; P < 0.0001$). SMP frequency was also reduced in HFD-fed mice (chow $6.4\%\pm0.6\% vs. HFD 4.7\% \pm0.4\%, P = 0.03$), and associated with $44\%$ decreased regeneration (chow $16\%\pm2.7\% vs. HFD 9\%\pm2.2\%; P < 0.0001$). Prenatal undernutrition was additive with postnatal HFD. Thus, both prenatal undernutrition and postnatal overnutrition reduce myogenic stem cell frequency and function, indicating that developmentally established differences in muscle-resident stem cell populations may provoke reductions in muscle mass and repair and contribute to diabetes risk.Stem Cell and Regenerative Biolog