Author: California. Department of Finance. Program Evaluation UnitPublisher:
ISBN:
Category : California
Languages : en
Pages : 70
Book Description
A Comparison of Benefits and Costs of State Administered Retirement Systems
Author: California. Department of Finance. Program Evaluation UnitPublisher:
ISBN:
Category : California
Languages : en
Pages : 70
Book Description
Retirement Systems for Employees of State and Local Governments, 1966
Author: Saul WaldmanPublisher:
ISBN:
Category : Civil service
Languages : en
Pages : 124
Book Description
Cost Containment in the Health Benefits Program of the Public Employees' Retirement System
Author: California. Public Employees' Retirement System. Board of AdministrationPublisher:
ISBN:
Category : Government employees' health insurance
Languages : en
Pages :
Book Description
The Major State Retirement Systems
Author: Charles H. WestonPublisher:
ISBN:
Category : Civil service
Languages : en
Pages : 52
Book Description
Coordination of State Employees' Retirement System and State Teachers' Retirement System with Federal OASI, and Comparison of Costs and Benefits of Supplementation ...
Author: Washington (State). Legislative Council. Subcommittee on State GovernmentPublisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 28
Book Description
Assessing Chile's Pension System: Challenges and Reform Options
Author: Samuel PienknaguraPublisher: International Monetary Fund
ISBN: 151359611X
Category : Business & Economics
Languages : en
Pages : 52
Book Description
Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.
New Jersey Statutes Annotated
Author: New JerseyThe Impact of Medicare
Author: United States. Social Security Administration. Office of Research and StatisticsPublisher:
ISBN:
Category : Health insurance
Languages : en
Pages : 84
Book Description
The Journal of the Assembly During the ... Session of the Legislature of the State of California
Author: California. Legislature. AssemblyPublisher:
ISBN:
Category : California
Languages : en
Pages : 1968
Book Description
State and Local Pensions
Author: Alicia H. MunnellPublisher: Rowman & Littlefield
ISBN: 0815724136
Category : Business & Economics
Languages : en
Pages : 266
Book Description
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.