The Future of Pensions in the United States PDF Download

Author: Ray Schmitt
Publisher: University of Pennsylvania Press
ISBN: 9780812232394
Category : Business & Economics
Languages : en
Pages : 372

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Table of Contents

Author: Robert Louis Clark
Publisher: University of Pennsylvania Press
ISBN: 9780812237146
Category : History
Languages : en
Pages : 280

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From the Wharton School, offering a comprehensive assessment of the political and financial dimensions of public-sector pensions from the colonial period until the emergence of modern retirement plans in the twentieth century.

Author: Nazaré da Costa Cabral
Publisher: Springer Nature
ISBN: 3030294978
Category : Business & Economics
Languages : en
Pages : 359

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Book Description
This edited volume takes a closer look at various European pension-plan models and the recent challenges, trends and predictions related to the design of such schemes. The contributors analyse new ideas, both from national governments and European institutions, and consider current debates on topics such as the Capital Markets Union (CMU) and the so-called ‘European Pillar of Social Rights’ – calling for a new approach to social policy at the European level in response to common challenges, such as ageing and the digital revolution.This interdisciplinary work embraces economic, financial and legal perspectives, while focusing on previously selected coherence aspects in order to ensure that the analyses are comprehensive and globally consistent.

Author: United States. Congress. House. Select Committee on Aging
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 270

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Author: Keith P. Ambachtsheer
Publisher: John Wiley & Sons
ISBN: 1119191009
Category : Business & Economics
Languages : en
Pages : 256

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A real-world look at the pension revolution underway The Future of Pension Management offers a progress report from the field, using actual case studies from around the world. In the mid-70s, Peter Drucker predicted that demographic dynamics would eventually turn pensions into a major societal issue; in 2007, author Keith Ambachsheer's book Pension Revolution laid out the ways in which Drucker's predictions had come to pass. This book provides a fresh look at the situation on the ground, and details the encouraging changes that have taken place in pension management concepts and practices. The challenges identified in 2007 are being addressed, and this report shows how design, management, and investment innovation have led to measurably better pension outcomes. Pensions have become an everyday news item, and people are rightly concerned about the security of their retirement in light of recent pension scandals and the global financial crisis. This book provides a note of encouragement, detailing the ways in which today's pensions are becoming more and more secure, and the new ideas and practices that are chipping away at the challenges. Learn how pension management practices are improving Examine the uptick in positive outcomes over recent years Discover why pension investing is turning toward the long-term Consider the challenges that remain and their possible solutions Drucker's vision of a needed pension revolution is unfolding in real time. Better pension designs, more effective pension governance, and more productive pension investing are mitigating many of the issues that threatened collapse. The Future of Pension Management provides a real-world update on the state of pensions today and a look forward to the changes we still need to make.

Author: United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 136

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Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 236

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Author: Robert L. Clark
Publisher: Edward Elgar Publishing
ISBN: 0857930591
Category : Business & Economics
Languages : en
Pages : 241

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State and Local Retirement Plans in the United States explains how economic and political events have shaped the development of pension plans in the last century, and it argues that changes in the structure and generosity of these plans will continue to shape policy and funding in the future. It also brings to bear a new rationale to the policies behind public sector pension plans. The authors use the history of how early public pension plans were established, how they matured and how they have grown in generosity to analyze what changes may be expected in years to come. Unique in its scope, this comprehensive history of the development of public sector pension plans in the United States during the twentieth century expands upon current ideas relating to the changing economic environment, the passage and evolution of social security, and the expansion of the public sector. With the exception of military pension plans, which date from the eighteenth century, the first public sector plans, dating from the late nineteenth century, were established to cover teachers, police officers and fire fighters in large cities. Over time, these retirement plans were extended to other public sector workers and the local plans were often merged with plans for state workers; all of these date from the twentieth century. Here, the authors show just how pension coverage for public sector workers expanded steadily, through the first half of the twentieth century, so that by the 1960s the vast majority of public sector workers were covered by a plan. This analysis demonstrates how economic events and shifts in public policy at the federal, state, and local levels helped to shape public sector retirement plans. The authors also compare public plans with private sector plans, and the final chapter focuses on recent changes in public pensions in response to the 'Great Recession', concurrent sharp declines in equity markets and the aging of the public workforce.

Author: United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Employer-Employee Relations
Publisher:
ISBN:
Category : Defined benefit pension plans
Languages : en
Pages : 184

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Author: Education, Labor and Pensions, Committee on Health, Education, Labor and Pensions United States Senate
Publisher:
ISBN: 9781480248601
Category :
Languages : en
Pages : 106

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Well, there's no question that retirement security's been under siege in this country for years. This is my own opinion, but, to our national detriment, we have seen a gradual erosion of the traditional defined benefit pension system as companies opt to provide their workers 401(k) plans or, in many cases, nothing at all. This has left U.S. workers shouldering more and more retirement risk. Workers bear the risk that they could misjudge the amount they need to save. They bear the risk of outliving their savings. Workers bear the risk of investment losses in a volatile economy. And if recent economic events have taught us anything, it's that these risks are too great for any single individual, or single family, to bear.