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Author: Bernhard Ebbinghaus Publisher: ISBN: 9780191725586 Category : Old age pensions Languages : en Pages : 440
Book Description
Sustainable and adequate old age pensions in ageing societies have become a major topic on the political agenda. This book describes the shift from public to private pensions and explains the differences across ten European countries.
Author: Bernhard Ebbinghaus Publisher: ISBN: 9780191725586 Category : Old age pensions Languages : en Pages : 440
Book Description
Sustainable and adequate old age pensions in ageing societies have become a major topic on the political agenda. This book describes the shift from public to private pensions and explains the differences across ten European countries.
Author: Bernhard Ebbinghaus Publisher: OUP Oxford ISBN: 0199586020 Category : Political Science Languages : en Pages : 480
Book Description
Sustainable and adequate old age pensions in ageing societies have become a major topic on the political agenda. This book describes the shift from public to private pensions and explains the differences across ten European countries.
Author: Michael Orszag, John Evans, John Piggott Publisher: Edward Elgar Publishing ISBN: 1781007667 Category : Business & Economics Languages : en Pages : 284
Book Description
'This collection of essays on a rapidly developing topic is a valuable addition to the field and the editors must be congratulated on beginning to bring the area to the attention of thinkers and government (not necessarily the same thing), who are charged with dealing with the challenge of controlling private pension provision.' - Robin Ellison, Pensions
Author: Keith P. Ambachtsheer Publisher: John Wiley & Sons ISBN: 1119191033 Category : Business & Economics Languages : en Pages : 261
Book Description
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: John R. Evans Publisher: Edward Elgar Publishing ISBN: Category : Business & Economics Languages : en Pages : 296
Book Description
The academic literature on pension governance is sparse and this book will fill some important gaps by bringing together original contributions from around the world on subjects related to the area. The book initially lays out the main frameworks for pension fund governance and then goes on to examine global governance practice and experience and country studies on pension funds in the United States and Australia. The final section of this in-depth study discusses the role of government guarantees. The editors and contributors to this book have struck a balance between the various dimensions of the governance problem. Whilst ensuring that the theoretical frameworks are represented, at the same time, they have also recognized that it is vital to report on empirical work. Private pensions are examined closely, while also acknowledging that public pension funds are extremely important actors. Pension Fund Governance will appeal to academics and researchers of financial economics and financial management, as well as those in the fields of public finance and public sector economics. Furthermore the book will also find an audience among those in commercial and policy roles which involve pensions, including pension actuaries.
Author: Marta Peris-Ortiz Publisher: Springer Nature ISBN: 3030379124 Category : Business & Economics Languages : en Pages : 487
Book Description
This book examines the major economic challenges associated with the sustainability of public pensions, specifically demographic change, labor-market relations, and risk sharing. The issue of public pensions occupies the political and economic agendas of many major governments in the world. International organizations such as the World Bank and the OECD warn that the economic changes driven by an aging society negatively affects the sustainability of pension systems. This book analyzes different global public pension systems to offer policies, methods and tools for sustainable public pensions. Real case studies from France, Sweden, Latin America, Algeria, USA and Mexico are featured.
Author: Kate McGovern Publisher: LAP Lambert Academic Publishing ISBN: 9783838305813 Category : Civil service Languages : en Pages : 148
Book Description
As the scope of the current financial crisis dwarfs the recession of 1991, public retirement systems face momentous pressures. In a number of cases, the roots of these funding problems can be traced to actions taken during the recession 18 years earlier. This study of the New Hampshire Retirement System chronicles a series of events in 1991-92 which led to a $2.4 billion unfunded liability by 2007. The study depicts trustees, legislators and stakeholders in crisis. Transcripts and interviews give readers an inside view of a struggle to adhere to fiduciary duty in the face of relentless political pressure. Events in New Hampshire during the recession of 1991 were not unique; researchers found that a number of states sought to balance budgets by reducing pension contributions during that period. This study sets New Hampshire s experience in the context of those findings as it portrays a system of pension governance under stress. Now, the impending retirement of the Baby Boomers coincides with a global financial crisis. This examination of the past may serve to inform the present, as public pension systems face the challenges ahead.
Author: Olivia S. Mitchell Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This paper investigates the determinants of public sector pension plan investment and funding behavior. Its goal is to draw lessons which may be used to improve the design and governance of public pensions. Plan performance is related to characteristics of the pension systems' governance structure and authority, using a new survey of U.S. state and local public pension plan governance practices and performance outcomes. The study suggests that most large public pension systems funded their plans satisfactorily in 1990, but some did not. Better public pension funding was associated with a pension system having in-house actuaries and when pension Board members were required to carry liability insurance. In contrast, public pension funding was lower when states experienced fiscal stress, and when employees were represented on the pension system Board. Pension funding did not appear sensitive to statutes guaranteeing benefits or funding levels, nor by the ability of states to carry budget deficits from one year to the next. The results also suggest that public pension Boards having more retiree-Trustees experienced lower investment returns, as did public sector pension plans required to devote a portion of their assets to in-state investments. Returns did not differ depending on whether a pension Board had in-house, or external money managers. No single set of pension plan management practices can optimize plan performance for all systems across all time periods. Nevertheless, these results suggest that care must be taken when designing the regulatory and investment environment in which these plans operate.
Author: Bernhard Ebbinghaus
Author: Bernhard Ebbinghaus
Author: Bernhard Ebbinghaus
Author: Michael Orszag, John Evans, John Piggott
Author: 
Author: Keith P. Ambachtsheer
Author: John R. Evans
Author: Marta Peris-Ortiz
Author: Olivia S. Mitchell
Author: Kate McGovern
Author: Olivia S. Mitchell