I'm working on developing a logically consistent and reality-based method of calculating pension liabilities. Currently in the US, pension liabilities are computed differently for public pension plans funded by taxpayers vs. private sector pension plans funded by corporations. I think neither current method makes sense.

Financial economists argue that pension liabilities should be discounted at risk-free rates based on the probability of their being paid, using a model that treats accrued pension liabilities like a security. I disagree, and I'm conducting an experiment to see whether a complete proof for the financial economics position exists - with no gaps. All the relevant articles I am aware of are basically hand-waving.

Coming out in opposition to the current financial economics argument is a necessary prerequisite to putting forth my model, which I claim is also based on financial economics.