State And Local Pensions
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State And Local Pension Fund Management
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Author : Jun Peng
language : en
Publisher: CRC Press
Release Date : 2008-08-21
State And Local Pension Fund Management written by Jun Peng and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-08-21 with Political Science categories.
Intense media coverage of the public pension funding crisis continues to fuel heightened awareness in and debate over public pension benefits. With over $3 trillion in assets currently under management, the ramifications of poor oversight are severe. It is important that practitioners, researchers, and taxpayers be well-advised regarding any concer
State And Local Pensions
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Author : Alicia Haydock Munnell
language : en
Publisher: Brookings Institution Press
Release Date : 2012
State And Local Pensions written by Alicia Haydock Munnell and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Business & Economics categories.
In the wake of the financial crisis and Great Recession, the health of state and local pension plans has emerged as a front burner policy issue. Elected officials, academic experts, and the media alike have pointed to funding shortfalls with alarm, expressing concern that pension promises are unsustainable or will squeeze out other pressing government priorities. A few local governments have even filed for bankruptcy, with pensions cited as a major cause. Alicia H. Munnell draws on both her practical experience and her research to provide abroad perspective on the challenge of state and local pensions. She shows that the storyis big and complicated and cannot be viewed through a narrow prism such as accountingmethods or the role of unions. By examining the diversity of the public plan universe, Munnell debunks the notion that all plans are in trouble. In fact, she finds that while a few plans are basket cases, many are functioning reasonably well. Munnell's analysis concludes that the plans in serious trouble need a major overhaul. Buteven the relatively healthy plans face three challenges ahead: an excessive concentration of plan assets in equities; the risk that steep benefit cuts for new hires will harm workforce quality; and the constraints plans face in adjusting future benefits for current employees. Here, Munnell proposes solutions that preserve the main strengths of state and local pensions while promoting needed reforms.
State And Local Pension Systems
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Author : United States. Advisory Commission on Intergovernmental Relations
language : en
Publisher:
Release Date : 1980
State And Local Pension Systems written by United States. Advisory Commission on Intergovernmental Relations and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Civil service categories.
State And Local Pension Fund Investment Performance
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Author : John E. Petersen
language : en
Publisher:
Release Date : 1980
State And Local Pension Fund Investment Performance written by John E. Petersen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Local government categories.
Underfunding Of State And Local Pension Plans
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Author : Frank Russek
language : en
Publisher: DIANE Publishing
Release Date : 2011-08
Underfunding Of State And Local Pension Plans written by Frank Russek and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-08 with Law categories.
The recent financial crisis and economic recession have left many states and localities with extraordinary budgetary difficulties for the next few years, but structural shortfalls in their pension plans pose a problem that is likely to endure for much longer. This report discusses alternative approaches to assessing the size of those shortfalls and their implications for funding decisions. Figure and table. This is a print on demand edition of an important, hard-to-find report.
State And Local Pensions
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Author : Alicia H. Munnell
language : en
Publisher: Rowman & Littlefield
Release Date : 2012-08-27
State And Local Pensions written by Alicia H. Munnell and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-08-27 with Business & Economics categories.
In the wake of the financial crisis and Great Recession, the health of state and local pension plans has emerged as a front burner policy issue. Elected officials, academic experts, and the media alike have pointed to funding shortfalls with alarm, expressing concern that pension promises are unsustainable or will squeeze out other pressing government priorities. A few local governments have even filed for bankruptcy, with pensions cited as a major cause. Alicia H. Munnell draws on both her practical experience and her research to provide a broad perspective on the challenge of state and local pensions. She shows that the story is big and complicated and cannot be viewed through a narrow prism such as accounting methods or the role of unions. By examining the diversity of the public plan universe, Munnell debunks the notion that all plans are in trouble. In fact, she finds that while a few plans are basket cases, many are functioning reasonably well. Munnell's analysis concludes that the plans in serious trouble need a major overhaul. But even the relatively healthy plans face three challenges ahead: an excessive concentration of plan assets in equities; the risk that steep benefit cuts for new hires will harm workforce quality; and the constraints plans face in adjusting future benefits for current employees. Here, Munnell proposes solutions that preserve the main strengths of state and local pensions while promoting needed reforms.
Investment Practices Of State And Local Pension Funds
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Author : Alicia Haydock Munnell
language : en
Publisher:
Release Date : 1999
Investment Practices Of State And Local Pension Funds written by Alicia Haydock Munnell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Pension trusts categories.
State And Local Retirement Plans In The United States
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Author : Robert L. Clark
language : en
Publisher: Edward Elgar Publishing
Release Date : 2011-01-01
State And Local Retirement Plans In The United States written by Robert L. Clark and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-01 with Business & Economics categories.
State and Local Retirement Plans in the United States explains how economic and political events have shaped the development of pension plans in the last century, and it argues that changes in the structure and generosity of these plans will continue to shape policy and funding in the future. It also brings to bear a new rationale to the policies behind public sector pension plans. The authors use the history of how early public pension plans were established, how they matured and how they have grown in generosity to analyze what changes may be expected in years to come. Unique in its scope, this comprehensive history of the development of public sector pension plans in the United States during the twentieth century expands upon current ideas relating to the changing economic environment, the passage and evolution of social security, and the expansion of the public sector. With the exception of military pension plans, which date from the eighteenth century, the first public sector plans, dating from the late nineteenth century, were established to cover teachers, police officers and fire fighters in large cities. Over time, these retirement plans were extended to other public sector workers and the local plans were often merged with plans for state workers; all of these date from the twentieth century. Here, the authors show just how pension coverage for public sector workers expanded steadily, through the first half of the twentieth century, so that by the 1960s the vast majority of public sector workers were covered by a plan. This analysis demonstrates how economic events and shifts in public policy at the federal, state, and local levels helped to shape public sector retirement plans. The authors also compare public plans with private sector plans, and the final chapter focuses on recent changes in public pensions in response to the 'Great Recession', concurrent sharp declines in equity markets and the aging of the public workforce.
Sustainability Of State And Local Government Pension Plans
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Author : Natt B. Price
language : en
Publisher: Nova Science Publishers
Release Date : 2013
Sustainability Of State And Local Government Pension Plans written by Natt B. Price and has been published by Nova Science Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Civil service categories.
Over 27 million employees and beneficiaries are covered by state and local government pension plans. However, the recent economic downturn and associated budget challenges confronting state and local governments pose some questions as to the sustainability of these plans, and what changes, if any, state and local governments are making to strengthen the financial condition of their pension plans. The Government Accountability Office (GAO) was asked to examine recent trends in the financial condition of state and local government pension plans; and strategies state and local governments are using to manage pension costs and the impacts of these strategies on plans, sponsors, employees, and retirees. This book analyses sector-wide financial conditions based on national-level data on pension funding from the U.S. Census Bureau and others, and reviews information on recent state legislative changes affecting government pensions from annual reports prepared by the National Conference of State Legislatures (NCSL).
The Underfunding Of State And Local Pension Plans
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Author : Frank S. Russek
language : en
Publisher:
Release Date : 2011
The Underfunding Of State And Local Pension Plans written by Frank S. Russek and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Local officials and employees categories.