Download or read book The Future of Public Employee Retirement Systems written by Gary Anderson and published by OUP Oxford. This book was released on 2009-08-13 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Pension Task Force Report on Public Employee Retirement Systems written by United States. Congress. House. Committee on Education and Labor. Subcommittee on Labor Standards. Pension Task Force and published by . This book was released on 1978 with total page 868 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Research Report written by and published by . This book was released on 1968 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Public Employee Pension Benefit Plans written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight and published by . This book was released on 1984 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Public Employee Retirement Systems written by Suzanne Saunders Taylor and published by Cornell University Press. This book was released on 1986 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public Employee Retirement Systems is a highly informative contribution to the literature on pensions. It will be valued for its abundant statistical data and for its straightforward treatment of a subject that is often burdened with technicalities.

Download or read book Social Security Act Amendments of 1954 written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1954 with total page 904 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considers legislation to increase old age, survivors and disability benefits under social security.

Download or read book State Administrative Officials Classified by Functions written by and published by . This book was released on 1977 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Handbook of Local Government Fiscal Health written by Helisse Levine and published by Jones & Bartlett Publishers. This book was released on 2012 with total page 574 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal health of local governments and municipalities has remained an important issue since the crises of the 1970s in places like New York, Philadelphia and Cleveland. More recently, the bankruptcy of Orange County California raised the possibility of a different type of financial failure than earlier ones. The beginning of the 21st century has witnessed two major economic bubbles including the dotcom and housing bubbles. These economic cycles combined with increasing health care, pension and other structural costs continue to challenge the fiscal viability of many jurisdictions. In particular, the economic and financial crisis of 2007-2008 is likely to result in potentially serious fiscal challenges for local jurisdictions.

Download or read book Transferability of Public Employee Retirement Credits Among Units of Government written by United States. Advisory Commission on Intergovernmental Relations and published by . This book was released on 1963 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Money Market Directory written by T. H. Fitzgerald and published by . This book was released on 1982 with total page 1390 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Census of Governments 1962 Government in State written by United States. Bureau of the Census and published by . This book was released on 1963 with total page 662 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book 1957 Census of Governments State bulletins no 1 48 Government in Alabama Wyoming no 49 Government in District of Columbia Alaska Hawaii and Puerto Rico written by United States. Bureau of the Census and published by . This book was released on 1959 with total page 632 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Reinventing the Retirement Paradigm written by Robert L. Clark and published by OUP Oxford. This book was released on 2005-08-11 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores how rising pension and healthcare costs, along with workforce aging, are affecting pension and retirement planning around the world. Many middle-aged workers now realize that they will have to work longer than intended, as they begin to recognize that their retirement resources will be inadequate to finance retirement consumption. Volatile capital markets, rising medical-care costs, and low saving rates make retirement behavior and policy a moving target. Olivia Mitchell, executive director of The Pension Research Council at Wharton, and Robert L. Clark, Professor of Business Management and Economics at North Carolina State University, explore these themes with colleagues, touching on a diverse set of issues ranging from employment trends to pension accounting and investment, to retirement system overhaul. They illustrate how employers are actively reformulating the meaning of work and retirement, seeking to encourage more people to work longer than ever before in the face of projected labor shortages. At the same time, public and private trust in traditional pension offerings is rapidly eroding, as companies alter, amend, and terminate their conventional plans in the face of poor investment performance and new methods of pension accounting. Experts from the UK, the US, Japan, Sweden, and Canada offer international perspectives on the evolving institutions of retirement practice. This book provides readers a range of insights and strategies not available in other volumes, and it represents an invaluable addition to the PRC/OUP series. It will be particularly valuable for managers working toward more efficient pension plans; to scholars and policymakers seeking to maximize pension design and effectiveness; and to actuaries and tax specialists concerned with pension regulation. The Pension Research Council at the Wharton School of the University of Pennsylvania was founded 50 years ago to encourage research and teaching on pensions and retirement security. Council projects address the long-term issues that underlie contemporary concerns and seek to broaden public understanding of these complex arrangements through research into their social, economic, legal, actuarial, and financial foundations of privately and publicly-provided benefits.

Download or read book Finances of Employee retirement Systems of State and Local Governments in written by United States. Bureau of the Census and published by . This book was released on 1970 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Hearings on the Public Employee Retirement Income Security Act of 1980 written by United States. Congress. House. Committee on Education and Labor. Subcommittee on Labor-Management Relations. Welfare and Pension Plans Task Force and published by . This book was released on 1981 with total page 1736 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Finances of Employee retirement Systems of State and Local Governments in written by and published by . This book was released on 1967 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Retirement Systems for Employees of State and Local Governments 1966 written by Saul Waldman and published by . This book was released on 1968 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: