A Study of the Cost of Financing the State's Contribution to a Teacher Retirement System, with Special Emphasis on the Teacher Retirement System of Texas PDF Download
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Author: Samuel Mortimer Brown Publisher: ISBN: Category : Teachers Languages : en Pages : 0
Book Description
"The purpose of this study is to discuss the major problems involved in financing the State’s contribution to a state-wide teacher retirement system with special attention being given to the Teacher Retirement System of Texas. All teachers and taxpayers should be interested in these problems. The taxpayers should be interested because the cost to the State of operating the system will affect, directly or indirectly, the amount of taxes that must be levied by the State. Teachers should be interested because they are prospective beneficiaries of the system. Some of the problems discussed in this study have been covered in a more technical manner in the fields of finance, insurance, or actuarial science. However, it would be very difficult for the average taxpayer or teacher who is not a student of such fields to spend the time that would be required to secure an understanding of the problems by assembling and studying the necessary literature in these different fields. Therefore, this study will attempt to discuss the major problems in such a way as to enable the average teacher or taxpayer to have a better understanding of the problems and to be in a better position to pass judgment on the soundness and practicability of the various solutions that may be proposed from time to time"--Leaf 1
Author: Samuel Mortimer Brown Publisher: ISBN: Category : Teachers Languages : en Pages : 0
Book Description
"The purpose of this study is to discuss the major problems involved in financing the State’s contribution to a state-wide teacher retirement system with special attention being given to the Teacher Retirement System of Texas. All teachers and taxpayers should be interested in these problems. The taxpayers should be interested because the cost to the State of operating the system will affect, directly or indirectly, the amount of taxes that must be levied by the State. Teachers should be interested because they are prospective beneficiaries of the system. Some of the problems discussed in this study have been covered in a more technical manner in the fields of finance, insurance, or actuarial science. However, it would be very difficult for the average taxpayer or teacher who is not a student of such fields to spend the time that would be required to secure an understanding of the problems by assembling and studying the necessary literature in these different fields. Therefore, this study will attempt to discuss the major problems in such a way as to enable the average teacher or taxpayer to have a better understanding of the problems and to be in a better position to pass judgment on the soundness and practicability of the various solutions that may be proposed from time to time"--Leaf 1
Author: Alicia H. Munnell Publisher: 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.
Author: National Research Council Publisher: National Academies Press ISBN: 0309142393 Category : Law Languages : en Pages : 348
Book Description
Scores of talented and dedicated people serve the forensic science community, performing vitally important work. However, they are often constrained by lack of adequate resources, sound policies, and national support. It is clear that change and advancements, both systematic and scientific, are needed in a number of forensic science disciplines to ensure the reliability of work, establish enforceable standards, and promote best practices with consistent application. Strengthening Forensic Science in the United States: A Path Forward provides a detailed plan for addressing these needs and suggests the creation of a new government entity, the National Institute of Forensic Science, to establish and enforce standards within the forensic science community. The benefits of improving and regulating the forensic science disciplines are clear: assisting law enforcement officials, enhancing homeland security, and reducing the risk of wrongful conviction and exoneration. Strengthening Forensic Science in the United States gives a full account of what is needed to advance the forensic science disciplines, including upgrading of systems and organizational structures, better training, widespread adoption of uniform and enforceable best practices, and mandatory certification and accreditation programs. While this book provides an essential call-to-action for congress and policy makers, it also serves as a vital tool for law enforcement agencies, criminal prosecutors and attorneys, and forensic science educators.
Author: Samuel Mortimer Brown
Author: Samuel Mortimer Brown
Author: 
Author: Alicia H. Munnell
Author: Nancy Elizabeth Olsen Giles
Author: National Research Council
Author: University of Texas
Author: Xerox University Microfilms
Author: Texas
Author: University of Texas. Graduate School
Author: Teachers' Retirement System of the State of Illinois