Download or read book Pensions in the Public Sector written by Olivia S. Mitchell and published by University of Pennsylvania Press. This book was released on 2001 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Pension Research Council of the Wharton School, this book explores the diversity of governmental pension plans and investigates how these financial institutions must change in years to come.
Download or read book A History of Public Sector Pensions in the United States written by Robert Louis Clark and published by University of Pennsylvania Press. This book was released on 2003-05-12 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Private sector Retirement Savings Plans written by United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions and published by . This book was released on 2005 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Private Sector Pensions written by United States. Government Accountability Office and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 Private Sector Pensions written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-01-08 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: PRIVATE SECTOR PENSIONS: Federal Agencies Should Collect Data and Coordinate Oversight of Multiple Employer Plans
Download or read book Private Sector Pensions written by U.s. Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-08-03 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: " GAO has reported that millions of U.S. workers lack access to employer-sponsored pension plans and that some small businesses, which offered plans at lower rates than large businesses, may be deterred by the cost of plan administration. MEPs, a type of pension plan maintained by more than one employer, have been supported as an option that could expand coverage by lowering administrative costs. For this report, GAO examined (1) the characteristics of private-sector MEPs, (2) the advantages and disadvantages of MEPs and how their perceived advantages are used to market them, and (3) how IRS and Labor regulate MEPs. GAO interviewed MEP sponsors, pension experts, officials at the Department of Labor (Labor), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC), and analyzed the primary source of pension data reported to the government-the Form 5500. "
Download or read book Regulating Private Pension Schemes written by International Network of Pensions Regulators and Supervisors. Conference and published by OECD Publishing. This book was released on 2002 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: The issue of providing appropriate financial security for retirement is of growing importance for both OECD member and non-member countries, and the approaches adopted to implement the necessary reforms vary depending on each country's economic, social and demographic environment. Increasingly, however, reform programmes involve the establishment or extension of private pension arrangements. This book contains a selection of papers presented at a meeting in April 2001 of the International Network of Pension Regulators and Supervisors (INPRS) and the OECD to discuss the key policy implications arising from the growth of private pension schemes.
Download or read book Private Pensions Series Regulating Private Pension Schemes Trends and Challenges written by OECD and published by OECD Publishing. This book was released on 2002-04-19 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: This conference proceedings analyses the key policy implications arising from the growth of private pensions.
Download or read book State and Local Retirement Plans in the United States written by Robert L. Clark and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Private Sector Pensions written by Christian Wong and published by . This book was released on 2015 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: The private sector pension system in the United States represents trillions of dollars in assets and is a key source of financial security for millions of Americans. To promote transparency and enhance retirement security, legislation and regulations require that plan sponsors provide numerous reports to Labor, IRS, and PBGC, and numerous disclosures to plan participants. This book examines the reports and disclosures pension plans are required to make to government agencies and plan participants; the ways, if any, reports to agencies may be inefficient or ineffective; and the ways, if any, disclosures to participants may be inefficient or ineffective. The book also discusses the extent to which law and regulations permit electronic disclosure to participants; explores the reported advantages and disadvantages associated with electronic delivery; and evaluates the weaknesses identified, if any, in the agencies' electronic delivery requirements.
Download or read book Private Pensions written by Barbara D. Bovbjerg and published by DIANE Publishing. This book was released on 2006-04 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: The nation's private defined benefit (DB) pension system, a key contributor to the financial security of millions of Americans, is in long-term decline. Since 1980, the number of participants in insured single employer DB plans has dropped from 27% in 1980, to 15% in 2002. Hybrid DB plans like cash balance (CB) plans may be a means to revitalize this declining system. This report: reviews current research about the implications of CB conversions for employee benefits; describes the prevalence & type of transition provisions used to protect workers' benefits in past CB conversions; & estimates the effects of CB conversions on the benefits of individual participants under a hypothetical conversion to a typical CB plan from a typical traditional DB plan.
Download or read book Public and Private Social Policy written by D. Béland and published by Springer. This book was released on 2008-11-28 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring the increasing involvement of the private sector in social policy, this collection examines the complex relationship between the public and private sectors from an international perspective, focusing on health and pension policies.
Download or read book Labor s Capital written by Teresa Ghilarducci and published by MIT Press. This book was released on 1992 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This examination of the 120-year-old American system of privatized social insurance reveals that the system fails to provide adequate retirement income security, its most prominent goal, and, in fact, its greatest influence is in supplying funds to U.S. capital markets.
Download or read book The Development of Industrial Pensions in the United States in the Twenith Century written by Samuel H. Williamson and published by World Bank Publications. This book was released on 1995 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Private Pensions written by Charles A. Jeszeck and published by . This book was released on 2013-01-24 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: The private sector pension system in the U.S. represents trillions of dollars in assets and is a key source of financial security for millions of Americans. To promote transparency and enhance retirement security, legislation and regulations require that plan sponsors provide numerous reports to the Department of Labor (Labor), Internal Revenue Service (IRS), and Pension Benefit Guaranty Corporation (PBGC), and numerous disclosures to plan participants. This report examined (1) the reports and disclosures pension plans are required to make to government agencies and plan participants; (2) the ways, if any, reports to agencies may be inefficient or ineffective, and (3) the ways, if any, disclosures to participants may be inefficient or ineffective. Tables and figures. This is a print on demand report.
Download or read book Private Pensions written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: In response to a congressional request, GAO assessed issues relating to the portability and preservation of private pension benefits, specifically: (1) whether job mobility adversely affected retirement income; (2) what kinds of portability and preservation arrangements existed and the extent to which they were used; and (3) the problems and tradeoffs involved in implementing proposals to enhance portability or preservation of pension benefits. GAO found that: (1) for workers with defined benefit plans, changing jobs would usually result in lower retirement incomes, since benefits and tenure usually do not transfer to another plan and plans base benefits on workers' earnings at the time they leave the plan, rather than their earnings at retirement; (2) workers who participate in a series of defined plans should not lose their retirement income if they keep their benefits in their previous plans, transfer them to subsequent plans, or convert them into individual retirement accounts (IRA); (3) pension preservation is a concern, since many workers spend, rather than reinvest, their cashed-out pension benefits; (4) some multi-employer plans and single-employer plans with reciprocity agreements allow plan portability, but cover less than 20 percent of the private-sector plan participants; (5) IRA are available as a pension preservation mechanism to all workers; (6) only 6 percent of all pension plans accept assets transferred from other plans; and (7) proposals to enhance portability and preservation would give workers better retirement benefits, but would increase employer costs and cause tax revenue losses.
