Investment Practices of Public Employee Retirement Systems in the United States and in New England PDF Download

Author: Bruce F. Davie
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 104

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Author: Bruce F. Davie
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 66

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Author: Gary Anderson
Publisher: OUP Oxford
ISBN: 0191610259
Category : Business & Economics
Languages : en
Pages : 366

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Book Description
People covered by public pensions are often the subject of 'pension envy:' that is, their benefits might seem more generous and their contributions lower than those offered by the private sector. Yet this book points out that such judgments are often inaccurate, since civil servants hold jobs with few counterparts in private industry, such as firefighters, police, judges, and teachers. Often these are riskier, dirtier, and demand more loyalty and discretion than would be required of a more mobile labor force in the private sector. The debate challenges traditional ideas about how the public employee labor contract is structured and raises questions about how such employees are attracted to the public sector, retained and motivated on the job, and retired, via an entire compensation package of wages and benefits. Authors explore aspects of these schemes, addressing the cost and valuation debate, along with the political economy of how public pension asset pools are perceived and managed, an increasingly important topic in times of global financial turmoil. The discussion also explores ways that public pensions can be strengthened in the US, Japan, Canada, and Germany. The volume captures a vigorous debate currently underway by academics, financial experts, regulators, and plan sponsors, all seeking to define a new future for public retirement systems. It will be of substantial interest to a wide range of readers, since public sector employees and their representatives will naturally find the comparisons and arguments over valuation of keen interest. Public pension administrators and policymakers seeking an explanation of what makes these plans so costly will gain a new understanding of how the arguments stack up. Private sector employers and plan sponsors can learn much from efforts to reform these retirement systems in states and countries around the world. Finally, investors and the taxpaying public more generally may be at risk to cover these long-term promises, so it behoves them to pay close attention to the financing and investment practices of these plans, along with their valuation. This volume represents an invaluable addition to the Pension Research Council / Oxford University Press series as it includes actuarial, economic, and financial perspectives making it useful for academics, retirement plan administrators, and public employees wishing to understand the challenges facing public pensions.

Author: Lee Webb
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 164

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Author: John E. Petersen
Publisher:
ISBN:
Category : Pensions
Languages : en
Pages : 143

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Author: Council on Economic Priorities
Publisher:
ISBN:
Category :
Languages : en
Pages : 166

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Author: Erik Juell
Publisher:
ISBN:
Category :
Languages : en
Pages : 252

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Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 98

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Book Description

Author: United States Accounting Office (GAO)
Publisher: Createspace Independent Publishing Platform
ISBN: 9781721777600
Category :
Languages : en
Pages : 48

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Book Description
Investment Policies, Practices, and Performance of Federal Retirement Systems

Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 39

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Book Description