Using Public Pensions To Balance State And Local Budgets
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Using Public Pensions To Balance State And Local Budgets
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Author : United States. Congress. House. Select Committee on Aging
language : en
Publisher:
Release Date : 1992
Using Public Pensions To Balance State And Local Budgets written by United States. Congress. House. Select Committee on Aging and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Business & Economics categories.
Using Public Pensions To Balance State And Local Budgets
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Author : United States. Congress. House. Select Committee on Aging
language : en
Publisher:
Release Date : 1992
Using Public Pensions To Balance State And Local Budgets written by United States. Congress. House. Select Committee on Aging and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Business & Economics categories.
State Fiscal Constitutions And The Law And Politics Of Public Pensions
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Author : Amy Monahan
language : en
Publisher:
Release Date : 2014
State Fiscal Constitutions And The Law And Politics Of Public Pensions written by Amy Monahan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
Pension plans for state and local employees are, as a whole, significantly underfunded. This underfunding creates intense fiscal pressure on governments and often either crowds out other desired governmental spending or results in employees and retirees losing earned benefits. Political theorists often explain that underfunded public pension plans are all but inevitable given the political realities that affect funding decisions. Politicians who desire to be reelected should rationally prefer to spend money on current constituents, rather than commit scarce funds to a pension plan to pay benefits due to workers decades in the future. These dynamics are exacerbated by existing state fiscal constitutions that require balanced budgets and often restrict the ability to raise taxes. Paying a pension plan less than the amount due provides an easy way to free up money in the state budget by creating a form of debt that is not reflected on the state's balance sheet. This article presents original analysis of the effect that state fiscal constitutions - even those that contain explicit requirements to fund public pension plans - impact public pension funding dynamics. It finds that even where explicit constitutional funding requirements are in place, plans often continue to be underfunded both because of political and financial pressures, and also because of the distinct lack of an enforcement mechanism. The article concludes by suggesting that these weakness in pension funding requirements can be addressed through the creation of clear and objective funding standards and, most importantly, through the creation of enforcement mechanisms that can, where appropriate, override legislative decisions to underfund public pension plans.
Monthly Catalogue United States Public Documents
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Author :
language : en
Publisher:
Release Date : 1992
Monthly Catalogue United States Public Documents written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Government publications categories.
Activities Of The Aging Committee In The Congress
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Author : United States. Congress. House. Select Committee on Aging
language : en
Publisher:
Release Date : 1992
Activities Of The Aging Committee In The Congress written by United States. Congress. House. Select Committee on Aging and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Older people categories.
Monthly Catalog Of United States Government Publications
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Author :
language : en
Publisher:
Release Date : 1992
Monthly Catalog Of United States Government Publications written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Government publications categories.
Role Of Public Employee Pensions In Contributing To State Insolvency And The Possibility Of A State Bankruptcy Chapter
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Author : United States. Congress. House. Committee on the Judiciary. Subcommittee on Courts, Commercial and Administrative Law
language : en
Publisher:
Release Date : 2011
Role Of Public Employee Pensions In Contributing To State Insolvency And The Possibility Of A State Bankruptcy Chapter written by United States. Congress. House. Committee on the Judiciary. Subcommittee on Courts, Commercial and Administrative Law and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.
Targeted Fiscal Assistance To State And Local Governments
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Author : United States. Congress. Senate. Committee on Finance. Subcommittee on Revenue Sharing, Intergovernmental Revenue Impact, and Economic Problems
language : en
Publisher:
Release Date : 1979
Targeted Fiscal Assistance To State And Local Governments written by United States. Congress. Senate. Committee on Finance. Subcommittee on Revenue Sharing, Intergovernmental Revenue Impact, and Economic Problems and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Economic assistance, Domestic categories.
The Economics Of Pensions
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Author : Salvador Valdés-Prieto
language : en
Publisher: Cambridge University Press
Release Date : 1997
The Economics Of Pensions written by Salvador Valdés-Prieto and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
This book, first published in 1997, offers up-to-date research about publicly regulated pensions for old age.
Legislative Branch Appropriations For 1993
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Author : United States. Congress. House. Committee on Appropriations. Subcommittee on Legislative Appropriations
language : en
Publisher:
Release Date : 1992
Legislative Branch Appropriations For 1993 written by United States. Congress. House. Committee on Appropriations. Subcommittee on Legislative Appropriations and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Budget categories.