Author: Gary Anderson
Publisher: OUP Oxford
ISBN: 0191610259
Category : Business & Economics
Languages : en
Pages : 366
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.
The Future of Public Employee Retirement Systems
Pension Task Force Report on Public Employee Retirement Systems
Author: United States. Congress. House. Committee on Education and Labor. Subcommittee on Labor Standards. Pension Task Force
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 902
Book Description
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 902
Book Description
Recommendations for a New Coordinated Escalator Retirement Plan and Ten-year Cost Projections for All New York Public Employee Retirement Systems
Author: New York (State). Permanent Commission on Public Employee Pension and Retirement Systems
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 94
Book Description
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 94
Book Description
Report to the Permanent Commission on Public Employee Pension and Retirement Systems, State of New York on Actuarial Funding Methods, Assumptions and Other Financing Arrangements of the Public Employee Retirement Systems of the City and State of New York
Author: New York (State). Permanent Commission on Public Employee, Pension, and Retirement Systems
Publisher:
ISBN:
Category : New York (N.Y.)
Languages : en
Pages : 156
Book Description
Publisher:
ISBN:
Category : New York (N.Y.)
Languages : en
Pages : 156
Book Description
A History of Public Sector Pensions in the United States
Author: Robert Louis Clark
Publisher: University of Pennsylvania Press
ISBN: 9780812237146
Category : History
Languages : en
Pages : 280
Book Description
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.
Publisher: University of Pennsylvania Press
ISBN: 9780812237146
Category : History
Languages : en
Pages : 280
Book Description
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.
Report of Public Retirement Study Commission
Author: Minnesota. Legislature. Public Retirement Study Commission
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 128
Book Description
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 128
Book Description
Replacement Ratios
Author: Michael K. Dexter
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 114
Book Description
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 114
Book Description
California Dreaming
Author: Lawrence J. McQuillan
Publisher: Independent Institute
ISBN: 1598131907
Category : Business & Economics
Languages : en
Pages : 202
Book Description
California's unfunded public pension liability, when measured correctly, is two to four times larger than official government estimates. In total, California's 86 defined-benefit public pension plans are underfunded by roughly $430 billion, representing California's greatest financial challenge since the Great Depression. The failure to fully fund the pension promises has allowed the current generation to receive public services that they are not fully paying for, pushing the pension problem onto future generations. California Dreamin': Resolving the Public Pension Crisis explains how six reforms would solve the state's pension problem in an equitable, responsible, and moral way: preserving pension benefits already earned, providing competitive pensions going forward, and granting the flexibility needed so that future generations are not paying for deals they did not make.
Publisher: Independent Institute
ISBN: 1598131907
Category : Business & Economics
Languages : en
Pages : 202
Book Description
California's unfunded public pension liability, when measured correctly, is two to four times larger than official government estimates. In total, California's 86 defined-benefit public pension plans are underfunded by roughly $430 billion, representing California's greatest financial challenge since the Great Depression. The failure to fully fund the pension promises has allowed the current generation to receive public services that they are not fully paying for, pushing the pension problem onto future generations. California Dreamin': Resolving the Public Pension Crisis explains how six reforms would solve the state's pension problem in an equitable, responsible, and moral way: preserving pension benefits already earned, providing competitive pensions going forward, and granting the flexibility needed so that future generations are not paying for deals they did not make.
Survey of Retired State Employees
Author: New Jersey. Legislature. Office of Fiscal Affairs. Division of Program Analysis
Publisher:
ISBN:
Category : Civil service pensioners
Languages : en
Pages : 52
Book Description
Publisher:
ISBN:
Category : Civil service pensioners
Languages : en
Pages : 52
Book Description
The Future of Social Security for this Generation and the Next
Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Social Security
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 152
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 152
Book Description