State and Local Pensions

State and Local Pensions
Author :
Publisher : Rowman & Littlefield
Total Pages : 266
Release :
ISBN-10 : 9780815724131
ISBN-13 : 0815724136
Rating : 4/5 (136 Downloads)

Book Synopsis State and Local Pensions by : Alicia H. Munnell

Download or read book State and Local Pensions written by Alicia H. Munnell and published by Rowman & Littlefield. This book was released on 2012-08-27 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


State and Local Pensions Related Books

State and Local Pensions
Language: en
Pages: 266
Authors: Alicia H. Munnell
Categories: Business & Economics
Type: BOOK - Published: 2012-08-27 - Publisher: Rowman & Littlefield

GET EBOOK

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 officia
Retirement Income for Illinois Fire and Police (Second Edition)
Language: en
Pages:
Authors: Daniel W. Ryan
Categories:
Type: BOOK - Published: 2017-02-08 - Publisher:

GET EBOOK

Updated for 2017! "Retirement Income for Illinois Fire and Police," written for the men and women in uniform, provides detailed but simple information on the be
Retirement and Survivor Benefits for Police, Firemen, and Teachers
Language: en
Pages: 114
Authors: United States. Congress. Senate. Committee on the District of Columbia. Subcommittee on Fiscal Affairs
Categories: Fire fighters
Type: BOOK - Published: 1971 - Publisher:

GET EBOOK

Public Safety Officers' Benefits Program
Language: en
Pages: 18
Authors:
Categories: Employee fringe benefits
Type: BOOK - Published: 1997 - Publisher:

GET EBOOK

Retirement and Survivor Benefits for Police, Firemen, and Teachers
Language: en
Pages: 118
Authors: United States. Congress. Senate. District of Columbia
Categories:
Type: BOOK - Published: 1971 - Publisher:

GET EBOOK