Stanford GSB and the Hoover Institution invite you to view a webcast of “Innovative Ideas for the Future of U.S. Public Sector Pensions.” This symposium will feature the most promising ideas from Professor Josh Rauh’s online course, The Finance of Retirement and Pensions. Josh Rauh is a professor of finance at Stanford GSB, senior fellow at Hoover, and senior fellow at SIEPR.
A representative from each team will present their proposals for addressing the public sector pension crisis. Each presentation will discuss a particular public pension system within the U.S. and its fiscal challenges, but the ideas will have broad application to this issue. The projects will then be discussed by a panel of Stanford pension experts, including Josh Rauh, John Shoven, David Crane, and Jeremy Bulow.
View the Symposium
Access the live stream of the symposium. Participate in the live Q&A by submitting your questions via Twitter (#RauhFinance).
|9 - 9:15am||Introduction by Peter DeMarzo, Mizuho Financial Group Professor of Finance|
|9:15 - 9:30am||Introduction by Josh Rauh, Professor of Finance|
|Team Project Presentations|
|9:30 - 9:45am||Cook County Pension Fund
Presented by Francisco Angulo
Team members: Elizabeth Wiltshire, Linda DeBruin, Michael Steck, Gabriel Ratliff, and Francisco Angulo
|9:45 - 10am||Police and Fire Pension Fund, Jacksonville, Fla.
Presented by Tom Majdanics
Team members: Michael Yang, Christopher Owens, Felisa Franklin, and Tom Majdanics
|10 - 10:15am||State of Oregon Public Employees Retirement System
Presented by Tom Macdonald
Team members: Michelle Call, Bob Jacobs, Roy Burling, and Tom Macdonald
|10:15 - 10:30am||Mississippi Public Employees Retirement System, Southern Comfort, Miss.
Presented by W. Gordon Hamlin, Jr.
Team members: Theresa Brown, Jeffrey Szymanski, Allan Cooper, Lin Chao, and W. Gordon Hamlin, Jr.
|10:30 - 10:45am||Pennsylvania Public School Employees Retirement System
Presented by Liz Headley
Team members: Mark Dash, Dan Barber, Sharon Frachtenberg, George Woodring, and Liz Headley
|10:45 - 11am||California State Teachers’ Retirement System (CalSTRS)
Presented by Harsh Govil
Team members: Daniel Ashton, Paul Strozier, Edward To, and Harsh Govil
|11 - 11:30am||Break|
|11:30am - 12:30pm||Panel Discussion
Moderated by Professor Rauh
About the Panel
- John Shoven, Trione Director of the Stanford Institute for Economic Policy Research and the Charles R. Schwab Professor of Economics at Stanford
- David Crane, lecturer in the Public Policy Program at Stanford University and president of Govern For California
- Jeremy Bulow, Richard A. Stepp Professor of Economics and senior fellow for the Stanford Institute for Economic Policy Research
About the Presenters
Team: Cook County | Hometown: Chicago, Il.
Angulo is originally from Spain but settled in Chicago 18 years ago. He holds an MBA in finance and he is the director of informatics in the Department of Medicine at John Stroger Hospital of Cook County. In his free, time he competes in triathlons and takes massive open online courses. He lives with his fiancée and their beautiful nine-month old daughter.
Team: On-the-ground Course (F336/E161) | Hometown: Atherton, Calif.
Govil is an economics undergraduate student who is passionate about the confluence of policy, economics, and finance.
W. Gordon Hamlin, Jr.
Team: Southern Comfort | Hometown: West Point, Miss.
Hamlin is a retired trial lawyer who practiced with a large Atlanta firm for over 30 years. Toward the end of his tenure there, he served as chair of the Retirement Committee. Hamlin lives in Tuscumbia, Ala., with his wife.
Team: The Philadelphia Liberty | Hometown: Paoli, Pa.
Headley has worked in public accounting for a Fortune 500 company. She currently serves on boards of three small private companies and is a member of the American Institute of Certified Public Accountants.
Team: Oregon PERS | Hometown: Portland, Oreg.
Macdonald is currently a vice president at Intel in the Non-Volatile Solutions Group. He earned his undergraduate degree in engineering from Stanford and an MBA from the Kellogg School of Management. He has four children, including a freshman at Stanford.
Team: Jacksonville, Fla. | Hometown: Jacksonville, Fla.
Majdanics is the founding executive director of KIPP Jacksonville Schools. KIPP, the Knowledge is Power Program, is a national network of free, open-enrollment, college-preparatory public schools dedicated to preparing students in underserved communities for success in college and in life. He is a trustee of the Florida State College at Jacksonville, appointed by Governor Rick Scott in 2013. Tom earned a bachelor’s degree in commerce from the University of Virginia, an MBA from the Tuck School of Business at Dartmouth College, and a master of public policy from the University of Chicago.