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Comments On Funding Of State And Local Government Pension Plans A National Problem
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Book Synopsis Comments on Funding of State and Local Government Pension Plans by : United States Accounting Office (GAO)
Download or read book Comments on Funding of State and Local Government Pension Plans written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-06-13 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comments on Funding of State and Local Government Pension Plans: A National Problem
Book Synopsis Comments on Funding of State and Local Government Pension Plans: A National Problem by :
Download or read book Comments on Funding of State and Local Government Pension Plans: A National Problem written by and published by . This book was released on 1980 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Funding of State and Local Government Pension Plans by : United States Accounting Office (GAO)
Download or read book Funding of State and Local Government Pension Plans written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-06-21 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Funding of State and Local Government Pension Plans: A National Problem
Book Synopsis Funding of State and Local Government Pension Plans by : U S Government Accountability Office (G
Download or read book Funding of State and Local Government Pension Plans written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-07-01 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Congress is considering establishing federal standards for state and local government pension plans similar to those imposed on private plans by the Employee Retirement Income Security Act of 1974. The act generally provides that the minimum standard for pension funding by private employers be an annual contribution for normal costs plus the amount needed to amortize current unfunded liabilities in 40 equal annual installments. Public pensions are becoming a large financial burden on state and local governments, and that burden will increase in the future. Many jurisdictions do not systematically fund retirement benefits accruing to their employees. Adopting a pension plan funding standard similar to that required by the act would have serious initial impact on some jurisdictions. During the years the plans are on a pay-as-you-go basis, their unfunded liabilities will continue to grow. At the end of the amortization period of 40 years required for private plans, their unfunded liabilities will more than triple and yearly pay-as-you-go contributions will increase several fold. To protect the pension benefits earned by public employees and to avert fiscal disaster, state and local governments need to fund the normal or current cost of their pension plans on an annual basis and amortize the plans' unfunded liabilities. Although sponsoring governments are responsible for sound funding of state and local government plans, the federal government has substantial interest in these pension plans. Many jurisdictions have increasingly relied on federal grant funds and revenue sharing to help meet pension plan costs. These plans directly affect the continued well-being and security of millions of state and local government employees and their dependents.
Book Synopsis Funding of State and Local Government Pension Plans -- a National Problem by : United States. General Accounting Office
Download or read book Funding of State and Local Government Pension Plans -- a National Problem written by United States. General Accounting Office and published by . This book was released on 1979 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Funding of State and Local Government Pension Plans, a National Problem by : United States. General Accounting Office
Download or read book Funding of State and Local Government Pension Plans, a National Problem written by United States. General Accounting Office and published by . This book was released on 1979 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Sustainability of State and Local Government Pension Plans by : Natt B. Price
Download or read book Sustainability of State and Local Government Pension Plans written by Natt B. Price and published by Nova Science Publishers. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over 27 million employees and beneficiaries are covered by state and local government pension plans. However, the recent economic downturn and associated budget challenges confronting state and local governments pose some questions as to the sustainability of these plans, and what changes, if any, state and local governments are making to strengthen the financial condition of their pension plans. The Government Accountability Office (GAO) was asked to examine recent trends in the financial condition of state and local government pension plans; and strategies state and local governments are using to manage pension costs and the impacts of these strategies on plans, sponsors, employees, and retirees. This book analyses sector-wide financial conditions based on national-level data on pension funding from the U.S. Census Bureau and others, and reviews information on recent state legislative changes affecting government pensions from annual reports prepared by the National Conference of State Legislatures (NCSL).
Book Synopsis Funding of State and Local Government Pension Plans, a National Problem by : United States. General Accounting Office
Download or read book Funding of State and Local Government Pension Plans, a National Problem written by United States. General Accounting Office and published by . This book was released on 1979 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis GAO Documents by : United States. General Accounting Office
Download or read book GAO Documents written by United States. General Accounting Office and published by . This book was released on 1981 with total page 916 pages. Available in PDF, EPUB and Kindle. Book excerpt: Catalog of reports, decisions and opinions, testimonies and speeches.
Author :United States. Congress. House. Committee on Education and Labor. Subcommittee on Labor-Management Relations. Welfare and Pension Plans Task Force Publisher : ISBN 13 : Total Pages :1736 pages Book Rating :4.3/5 (121 download)
Book Synopsis Hearings on the Public Employee Retirement Income Security Act of 1980 by : United States. Congress. House. Committee on Education and Labor. Subcommittee on Labor-Management Relations. Welfare and Pension Plans Task Force
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:
Book Synopsis State and Local Pensions by : Alicia H. Munnell
Download or read book State and Local Pensions written by Alicia H. Munnell and published by Rowman & Littlefield. This book was released on 2012-08-27 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis A History of Public Sector Pensions in the United States by : Robert Louis Clark
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.
Book Synopsis The Challenge of Public Pension Reform in Advanced and Emerging Economies by : Mr.Benedict J. Clements
Download or read book The Challenge of Public Pension Reform in Advanced and Emerging Economies written by Mr.Benedict J. Clements and published by International Monetary Fund. This book was released on 2013-01-25 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where pension coverage is extensive, the issues are similar to those in advanced economies. Where pension coverage is low, the key challenge will be to expand coverage in a fiscally sustainable manner. This volume examines the outlook for public pension spending over the coming decades and the options for reform in 52 advanced and emerging market economies.
Download or read book GAO Review written by and published by . This book was released on 1981 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The GAO Review written by and published by . This book was released on 1987 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis State-Local Relations by : Joseph F. Zimmerman
Download or read book State-Local Relations written by Joseph F. Zimmerman and published by Bloomsbury Publishing USA. This book was released on 1995-08-30 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a revision and update of Zimmerman's classic study of relations between state and local government. The first edition, published in 1983, was based on three decades of research into intergovernmental affairs and examined the legal, financial, and structural foundations of state-local relations. This new edition adds a fourth decade of research and brings the work up to date through the early 1990s, adding a chapter on state mandates and local governments, reviewing and analyzing the changes in fortune of state and local governments, and the impact of those changes on their relations between each other and between themselves and the federal government.
Book Synopsis Privatizing Social Security by : Martin Feldstein
Download or read book Privatizing Social Security written by Martin Feldstein and published by University of Chicago Press. This book was released on 2008-04-15 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume represents the most important work to date on one of the pressing policy issues of the moment: the privatization of social security. Although social security is facing enormous fiscal pressure in the face of an aging population, there has been relatively little published on the fundamentals of essential reform through privatization. Privatizing Social Security fills this void by studying the methods and problems involved in shifting from the current system to one based on mandatory saving in individual accounts. "Timely and important. . . . [Privatizing Social Security] presents a forceful case for a radical shift from the existing unfunded, pay-as-you-go single national program to a mandatory funded program with individual savings accounts. . . . An extensive analysis of how a privatized plan would work in the United States is supplemented with the experiences of five other countries that have privatized plans." —Library Journal "[A] high-powered collection of essays by top experts in the field."—Timothy Taylor, Public Interest
