Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Download Funding And Administrative Efficiency Of State And Local Government Pension Plans full books in PDF, epub, and Kindle. Read online Funding And Administrative Efficiency Of State And Local Government Pension Plans ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author : Ping Lung Hsin
Publisher :
ISBN 13 :
Total Pages : 322 pages
Book Rating : 4.E/5 ( download)
Download or read book Funding and Administrative Efficiency of State and Local Government Pension Plans written by Ping Lung Hsin and published by . This book was released on 1994 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Barbara D. Bovbjerg
Publisher : DIANE Publishing
ISBN 13 : 1437907776
Total Pages : 28 pages
Book Rating : 4.4/5 (379 download)
Download or read book State and Local Government Pension Plans: Current Structure and Funded Status written by Barbara D. Bovbjerg and published by DIANE Publishing. This book was released on 2009 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Millions of state and local gov¿t. employees are promised pension benefits when they retire. There is a fed. interest in ensuring that all Americans have a secure retirement. Recently, new accounting standards have called for the reporting of liabilities for future retiree health benefits. It is unclear what actions state and local governments may take once the extent of these liabilities becomes clear, but such anticipated fiscal and economic challenges have raised questions about the unfunded liabilities for state and local retiree benefits. This is a report on: (1) the current structure of state and local gov¿t. pension plans and how pension benefits are protected and managed; and (2) the current funded status of state and local gov¿t. pension plans. Charts.
Author : United States. General Accounting Office
Publisher :
ISBN 13 :
Total Pages : 148 pages
Book Rating : 4.F/5 ( download)
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:
Author : U S Government Accountability Office (G
Publisher : BiblioGov
ISBN 13 : 9781289150358
Total Pages : 142 pages
Book Rating : 4.1/5 (53 download)
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.
Author : Natt B. Price
Publisher : Nova Science Publishers
ISBN 13 : 9781629481296
Total Pages : 0 pages
Book Rating : 4.4/5 (812 download)
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).
Author : United States. General Accounting Office
Publisher :
ISBN 13 :
Total Pages : 125 pages
Book Rating : 4.:/5 (796 download)
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:
Author : U.s. Government Accountability Office
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781974229697
Total Pages : 54 pages
Book Rating : 4.2/5 (296 download)
Download or read book State and Local Government Pension Plans written by U.s. Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-08-04 with total page 54 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. GAO was asked to examine (1) recent trends in the financial condition of state and local government pension plans and (2) strategies state and local governments are using to manage pension costs and the impacts of these strategies on plans, sponsors, employees, and retirees. To address these topics, GAO analyzed various measures of sector-wide financial condition based on national-level data on pension funding from the U.S. Census Bureau and others, and reviewed information on recent state legislative changes affecting government pensions from annual reports prepared by the National Conference of State Legislatures (NCSL). GAO did not assess the soundness of individual plans, but did obtain documents and conduct interviews with pension and budget officials in eight states and eight localities, selected to illustrate the range of strategies being implemented to meet current and future pension funding requirement. The Internal Revenue Service and"
Author : Government Accountability Office
Publisher : CreateSpace
ISBN 13 : 9781492228493
Total Pages : 54 pages
Book Rating : 4.2/5 (284 download)
Download or read book State and Local Government Pension Plans written by Government Accountability Office and published by CreateSpace. This book was released on 2013-08-28 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are over 3,400 state and local pension systems in the United States, according to the most recent Census Bureau Survey of State and Local Public-Employee Retirement Systems. Most large plans are state plans, and more state and local employees are covered by state-administered plans than by locally-administered plans (about 24 million members and beneficiaries compared with about 3 million). However, there are more local government employees than state government employees (about 14 million compared with about 5 million), and while local governments sometimes participate in plans administered by states, the local governments generally retain responsibility for contributing the employer's share of funding to the plans for their employees. As a result, local governments contribute more to pension plans each state fiscal year, overall, than do state governments.
Author : Olivia S. Mitchell
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.3/5 (91 download)
Download or read book State and Local Pension Plans written by Olivia S. Mitchell and published by . This book was released on 1995 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role and function of pension plans covering state and local government employees in the United States. Covering about 16 million employees (including teachers, fire fighters, police, members of the judiciary, and many other state and local employees), these plans manage a substantial stock of financial assets -- close to $1 trillion -- and receive annual contributions from employees and government revenues totaling about $56 billion. Using data gathered from a variety of different sources, some of which have only recently become available, we describe the benefits, financing, and management of these plans, and identify some of the prominent challenges facing these pension plans in the next decade.
Author : United States Accounting Office (GAO)
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781721187942
Total Pages : 26 pages
Book Rating : 4.1/5 (879 download)
Download or read book Funding of State and Local Government Pension Plans and Need for Congress to Closely Monitor Such Plans written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-06-15 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Funding of State and Local Government Pension Plans and Need for Congress To Closely Monitor Such Plans
Author : United States Accounting Office (GAO)
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781721187621
Total Pages : 26 pages
Book Rating : 4.1/5 (876 download)
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 2018-06-15 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Funding of State and Local Government Pension Plans
Author : Jonathan Barry Forman
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (129 download)
Download or read book Funding Public Pension Plans written by Jonathan Barry Forman and published by . This book was released on 2010 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most state and local government employees are covered by traditional final-average-pay pension plans. State and local government employers typically fund those pension plans through a combination of employer and employee contributions, with help from investment returns on already-accumulated assets. Unlike private sector pension plans, however, public pension plans are not subject to strict minimum funding standards like those in the Employee Retirement Income Security Act of 1974 (ERISA). Public pensions also face more flexible accounting standards than private sector pensions. To be sure, many public pensions are nevertheless fairly well funded. Unfortunately, however, the recent meltdown of financial markets, the decline in the stock market, and the recession are putting tremendous pressure on both public pensions and the state and local governments that fund them; and public employers will need to respond.At the outset, this article reviews the operation and funding status of state and local government pension plans. Next, this article discusses the major financial, accounting, and legal issues that relate to the funding of state and local government pension plans. Finally, this article considers how to ensure that public employees will have adequate retirement benefits now and in the future.
Author : United States Government Accountability Office
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781976408410
Total Pages : 28 pages
Book Rating : 4.4/5 (84 download)
Download or read book State and Local Government Pension Plans written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-09-15 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: State and local government pension plans : current structure and funded status : testimony before the Joint Economic Committee
Author : U S Government Accountability Office (G
Publisher : BiblioGov
ISBN 13 : 9781289039752
Total Pages : 26 pages
Book Rating : 4.0/5 (397 download)
Download or read book Public Pensions written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pursuant to a congressional request, GAO reviewed the status of public pension plan funding, focusing on the basic pension plans of state and local governments. GAO found that: (1) states and localities with underfunded pension plans run the risk of reducing future pension benefits to taxpayers or raising revenues; (2) unfunded liabilities for all state and local pension plans totalled $200 billion in 1992; (3) contributions to pension funds in 1992 fell short of the actuarially required amounts by 60 percent; (4) 75 percent of state and local pension plans involved in a Public Pension Coordinating Council (PPCC) survey were underfunded; (5) more than half of the pension plan sponsors surveyed continued to make payments to pay off their unfunded liabilities; (6) between 1990 and 1992, 20 percent of the plans were both underfunded and not receiving required sponsor contributions; and (7) of 117 plans with complete data in 1990 and 1992, 90 were underfunded.
Author : United States Accounting Office (GAO)
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781721112586
Total Pages : 26 pages
Book Rating : 4.1/5 (125 download)
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
Author : David Rajnes
Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (497 download)
Download or read book State and Local Retirement Plans written by David Rajnes and published by . This book was released on 2001 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : U.s. Government Accountability Office
Publisher :
ISBN 13 : 9781974557318
Total Pages : 48 pages
Book Rating : 4.5/5 (573 download)
Download or read book State and Local Government Pension Plans written by U.s. Government Accountability Office and published by . This book was released on 2017-08-15 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Recent market declines have significantly diminished the asset value of state and local pension plans. Reported unfunded liabilities for these plans are estimated in the hundreds of billions of dollars. As a result, in the long term, these governments may need to make significant fiscal adjustments such as modifying employee benefits, or increasing contributions to plans. They may also alter investment strategies to attempt to maximize returns by assuming increased risk. Consequently, GAO was asked to examine: (1) who makes investment decisions for state and local defined benefit pension plans and what guides their decision making; (2) how plans allocate their assets and manage their investments; and (3) practices that plans are using to meet a range of challenges in governance, investment, or funding.To address these objectives, GAO reviewed relevant literature, interviewed experts in pension and retirement systems, conducted a survey of state and local plans, and performed more detailed reviews of plans in seven states. "
