Underfunding of State and Local Pension Plans

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Publisher : DIANE Publishing
ISBN 13 : 1437985467
Total Pages : 9 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Underfunding of State and Local Pension Plans by : Frank Russek

Download or read book Underfunding of State and Local Pension Plans written by Frank Russek and published by DIANE Publishing. This book was released on 2011-08 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent financial crisis and economic recession have left many states and localities with extraordinary budgetary difficulties for the next few years, but structural shortfalls in their pension plans pose a problem that is likely to endure for much longer. This report discusses alternative approaches to assessing the size of those shortfalls and their implications for funding decisions. Figure and table. This is a print on demand edition of an important, hard-to-find report.

Pension Plan Underfunding

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Publisher :
ISBN 13 :
Total Pages : 112 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Pension Plan Underfunding by : United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight

Download or read book Pension Plan Underfunding written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight and published by . This book was released on 1987 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Underfunded Pension Plans

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Author :
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Underfunded Pension Plans by : Joseph F. Delfico

Download or read book Underfunded Pension Plans written by Joseph F. Delfico and published by . This book was released on 1994 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Private Pensions

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Author :
Publisher : DIANE Publishing
ISBN 13 : 9781422302309
Total Pages : 60 pages
Book Rating : 4.3/5 (23 download)

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Book Synopsis Private Pensions by : Barbara Bovbjerg (au)

Download or read book Private Pensions written by Barbara Bovbjerg (au) and published by DIANE Publishing. This book was released on 2005-11 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent terminations of large underfunded pension plans, along with continued widespread underfunding, suggest weaknesses in pension funding rules that may threaten retirement incomes of these plans' participants, as well as the future viability of the Pension Benefit Guaranty Corp. (PBGC) single-employer insurance program. This report examines: (1) the recent funding & contribution experience of the nation's largest private defined benefit plans; (2) the funding & contribution experience of large underfunded plans, & the role of the additional funding charge; & (3) the implications of large plans' recent funding experiences for PBGC, in terms of risk to the agency's ability to insure benefits. Charts & tables.

Private Pensions

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Author :
Publisher : DIANE Publishing
ISBN 13 : 9780788117091
Total Pages : 68 pages
Book Rating : 4.1/5 (17 download)

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Book Synopsis Private Pensions by : DIANE Publishing Company

Download or read book Private Pensions written by DIANE Publishing Company and published by DIANE Publishing. This book was released on 1995-04 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Impact of Underfunded Defined-Benefit Pension Plans on the Federal Deficit, Plan Retirees, and Plan Sponsors

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Author :
Publisher : Forgotten Books
ISBN 13 : 9780656696796
Total Pages : 78 pages
Book Rating : 4.6/5 (967 download)

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Book Synopsis Impact of Underfunded Defined-Benefit Pension Plans on the Federal Deficit, Plan Retirees, and Plan Sponsors by : U. S. Committee On Ways And Means

Download or read book Impact of Underfunded Defined-Benefit Pension Plans on the Federal Deficit, Plan Retirees, and Plan Sponsors written by U. S. Committee On Ways And Means and published by Forgotten Books. This book was released on 2018-02-15 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Impact of Underfunded Defined-Benefit Pension Plans on the Federal Deficit, Plan Retirees, and Plan Sponsors: Hearing Before the Subcommittee on Oversight of the Committee on Ways and Means, House of Representatives, One Hundred Third Congress, First Session; February 4, 1993; Serial 103-4 These and other problems for participants could be avoided if pension plan sponsors properly funded their pension promises. And yet, nearly 20 years after the passage of the Employee Retirement Income Security Act, some plan sponsors continue to deliberately underfund their defined-benefit plans, putting their employees and taxpayers at economic risk. The Subcommittee will receive testimony from representatives of the pbgc, the Congressional Budget Office (ceo), the gao, and retirees who participated in various failed pension plans which were terminated without sufficient assets. The pbgc will testify on the extent of current financial problems confronting the agency, the effectiveness of its efforts to control its exposure to claims by underfunded pension plans, and its efforts to mitigate the effect of plan underfunding on plan participants. The ceo will testify concerning the extent of the losses experienced by the pbgc and the inability of the agency to measure, control, and offset these losses, and other budget matters. The gao will testify on its recently released reports indicating that underfunded defined-benefit pension plans have significant hidden liabilities which increase claims against the Federal pension insurance program, and identifying the pbgc as one of 17 high risk Federal program areas in which corrective action is essential to the safeguarding of scarce Federal resources. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Underfunded Pension Plans

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Author :
Publisher : BiblioGov
ISBN 13 : 9781289011420
Total Pages : 22 pages
Book Rating : 4.0/5 (114 download)

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Book Synopsis Underfunded Pension Plans by : U S Government Accountability Office (G

Download or read book Underfunded Pension Plans written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO discussed its ongoing study of current pension plan funding rules and the impact of proposed pension reform legislation on underfunded plans insured by the Pension Benefit Guaranty Corporation (PBGC). GAO noted that: (1) underfunding in PBGC-insured single-employer plans increased from $31 billion in 1990 to over $50 billion in 1992; (2) current law provides for an offset that either completely eliminates or significantly reduces requirements that sponsors of underfunded plans make additional funding contributions; (3) H.R. 298 would require even fewer plan sponsors to make additional but significantly larger funding contributions; (4) H.R. 3396 would increase the number of sponsors required to make additional contributions and also increase the contribution amount; (5) a solvency rule, actuarial restrictions, and increased deficit reduction contributions included in H.R. 3396 could also increase contributions for underfunded plans; and (6) H.R. 3396 should be strengthened further to ensure that more sponsors of underfunded plans make additional contributions.

Public Pensions

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Publisher : BiblioGov
ISBN 13 : 9781289039752
Total Pages : 26 pages
Book Rating : 4.0/5 (397 download)

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Book Synopsis Public Pensions by : U S Government Accountability Office (G

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.

Private Pensions

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Publisher : DIANE Publishing
ISBN 13 : 1437925855
Total Pages : 26 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Private Pensions by : Gregory D. Kutz

Download or read book Private Pensions written by Gregory D. Kutz and published by DIANE Publishing. This book was released on 2011-05 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: When sponsors terminate underfunded plans during bankruptcy, it can deplete resources of the Pension Benefit Guaranty Corp. (PBGC), which protects the pensions of almost 44 million Amer. workers and retirees who participate in over 29,000 defined benefit pension plans. In 2009, PBGC reported a deficit of $30 billion. This report determined what pay and other compensation exec. received in the years preceding their company¿s termination of an underfunded defined benefit pension plan. The report analyzed a listing of the 1,246 underfunded plans that were terminated from 1999 to 2008 and selected public co. with large unfunded liabilities, large unfunded liabilities per participant, and a large number of plan participants. A print on demand report.

Effects of Underfunded Defined-benefit Pension Plans on Plan Retirees and Plan Sponsors

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Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.0/5 (18 download)

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Book Synopsis Effects of Underfunded Defined-benefit Pension Plans on Plan Retirees and Plan Sponsors by : United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight

Download or read book Effects of Underfunded Defined-benefit Pension Plans on Plan Retirees and Plan Sponsors written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight and published by . This book was released on 1992 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Pension Funding Problems

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Publisher :
ISBN 13 :
Total Pages : 238 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Pension Funding Problems by : United States. Congress. House. Select Committee on Aging

Download or read book Pension Funding Problems written by United States. Congress. House. Select Committee on Aging and published by . This book was released on 1982 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Pension Underfunding Crisis

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Publisher :
ISBN 13 :
Total Pages : 104 pages
Book Rating : 4.0/5 (13 download)

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Book Synopsis The Pension Underfunding Crisis by : United States. Congress. House. Committee on Education and the Workforce

Download or read book The Pension Underfunding Crisis written by United States. Congress. House. Committee on Education and the Workforce and published by . This book was released on 2004 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Impact of Underfunded Defined-benefit Pension Plans on the Federal Deficit, Plan Retirees, and Plan Sponsors

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Publisher :
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.0/5 (18 download)

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Book Synopsis Impact of Underfunded Defined-benefit Pension Plans on the Federal Deficit, Plan Retirees, and Plan Sponsors by : United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight

Download or read book Impact of Underfunded Defined-benefit Pension Plans on the Federal Deficit, Plan Retirees, and Plan Sponsors written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight and published by . This book was released on 1993 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

State and Local Pension Fund Management

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Publisher : CRC Press
ISBN 13 : 0849305519
Total Pages : 286 pages
Book Rating : 4.8/5 (493 download)

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Book Synopsis State and Local Pension Fund Management by : Jun Peng

Download or read book State and Local Pension Fund Management written by Jun Peng and published by CRC Press. This book was released on 2008-08-21 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intense media coverage of the public pension funding crisis continues to fuel heightened awareness in and debate over public pension benefits. With over $3 trillion in assets currently under management, the ramifications of poor oversight are severe. It is important that practitioners, researchers, and taxpayers be well-advised regarding any concer

A Look Into the United States' Underfunded Pension System

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (112 download)

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Book Synopsis A Look Into the United States' Underfunded Pension System by :

Download or read book A Look Into the United States' Underfunded Pension System written by and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The public pension crisis has come under increasing scrutiny over the past decade as shifting demographic trends, harsh economic conditions and the very nature of pension funds have changed, and not for the better. Pension funds create valuable saving and investment tools for an individual's retirement. They make what seems like the impossible daunting task of saving sufficient funds for retirement completely feasible. All indications lead to these trends continuing, therefore pension plans need to adapt and reform. This paper is to address the pension crisis in the U.S. and intends to provide some recommendations for policy makers. This paper used the U.S. Census Bureau pension data for the fiscal years 2005-2014 to select a sample of 15 states. The time series data will be analyzed using the MDA (Multiple Discriminant Analysis) methodology to assess if a pension plan is bound to fail. MDA is used in the banking industry as a method to predict financial distress or default of bank

Pensions, Economics, and Public Policy

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Author :
Publisher : University of Pennsylvania Press
ISBN 13 : 9780870947605
Total Pages : 428 pages
Book Rating : 4.9/5 (476 download)

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Book Synopsis Pensions, Economics, and Public Policy by : Richard A. Ippolito

Download or read book Pensions, Economics, and Public Policy written by Richard A. Ippolito and published by University of Pennsylvania Press. This book was released on 1986 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Pension Research Council of the Wharton School

Overfunding and Underfunding of Pension Plans

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Author :
Publisher :
ISBN 13 :
Total Pages : 360 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Overfunding and Underfunding of Pension Plans by : United States. Congress. Senate. Committee on Labor and Human Resources. Subcommittee on Labor

Download or read book Overfunding and Underfunding of Pension Plans written by United States. Congress. Senate. Committee on Labor and Human Resources. Subcommittee on Labor and published by . This book was released on 1988 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: