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  2. Statslig, National & føderal myndighed
  3. Statslig, National & Føderal politik

State and Local Pensions

- What Now?
Af: Alicia H. Munnell Engelsk Paperback

State and Local Pensions

- What Now?
Af: Alicia H. Munnell Engelsk Paperback
Tjek vores konkurrenters priser
"

In the wake of the financial crisis and Great Recession, the health of state and local pension plans has emerged as a front burner policy issue. Elected officials, academic experts, and the media alike have pointed to funding shortfalls with alarm, expressing concern that pension promises are unsustainable or will squeeze out other pressing government priorities. A few local governments have even filed for bankruptcy, with pensions cited as a major cause.

Alicia H. Munnell draws on both her practical experience and her research to provide a broad perspective on the challenge of state and local pensions. She shows that the story is big and complicated and cannot be viewed through a narrow prism such as accounting methods or the role of unions.

By examining the diversity of the public plan universe, Munnell debunks the notion that all plans are in trouble. In fact, she finds that while a few plans are basket cases, many are functioning reasonably well.

Munnell''s analysis concludes that the plans in serious trouble need a major overhaul. But even the relatively healthy plans face three challenges ahead: an excessive concentration of plan assets in equities; the risk that steep benefit cuts for new hires will harm workforce quality; and the constraints plans face in adjusting future benefits for current employees. Here, Munnell proposes solutions that preserve the main strengths of state and local pensions while promoting needed reforms.

"
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"

In the wake of the financial crisis and Great Recession, the health of state and local pension plans has emerged as a front burner policy issue. Elected officials, academic experts, and the media alike have pointed to funding shortfalls with alarm, expressing concern that pension promises are unsustainable or will squeeze out other pressing government priorities. A few local governments have even filed for bankruptcy, with pensions cited as a major cause.

Alicia H. Munnell draws on both her practical experience and her research to provide a broad perspective on the challenge of state and local pensions. She shows that the story is big and complicated and cannot be viewed through a narrow prism such as accounting methods or the role of unions.

By examining the diversity of the public plan universe, Munnell debunks the notion that all plans are in trouble. In fact, she finds that while a few plans are basket cases, many are functioning reasonably well.

Munnell''s analysis concludes that the plans in serious trouble need a major overhaul. But even the relatively healthy plans face three challenges ahead: an excessive concentration of plan assets in equities; the risk that steep benefit cuts for new hires will harm workforce quality; and the constraints plans face in adjusting future benefits for current employees. Here, Munnell proposes solutions that preserve the main strengths of state and local pensions while promoting needed reforms.

"
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Produktdetaljer
Sprog: Engelsk
Sider: 264
ISBN-13: 9780815734147
Indbinding: Paperback
Udgave:
ISBN-10: 081573414X
Kategori: Statslig, National & Føderal politik
Udg. Dato: 12 sep 2012
Længde: 26mm
Bredde: 250mm
Højde: 153mm
Forlag: Rowman & Littlefield
Oplagsdato: 12 sep 2012
Forfatter(e): Alicia H. Munnell
Forfatter(e) Alicia H. Munnell

Kategori Statslig, National & Føderal politik

ISBN-13 9780815734147

Sprog Engelsk

Indbinding Paperback

Sider 264

Udgave

Længde 26mm

Bredde 250mm

Højde 153mm

Udg. Dato 12 sep 2012

Oplagsdato 12 sep 2012

Forlag Rowman & Littlefield

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