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Author : Robert J. Lynn
Publisher : Free Press
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.:/5 (49 download)
Download or read book The Pension Crisis written by Robert J. Lynn and published by Free Press. This book was released on 1983 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard A. Marin
Publisher : John Wiley & Sons
ISBN 13 : 1118582470
Total Pages : 240 pages
Book Rating : 4.1/5 (185 download)
Download or read book Global Pension Crisis written by Richard A. Marin and published by John Wiley & Sons. This book was released on 2013-09-03 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive look at the crisis of unfunded pension liabilities and what must be done to avoid the same problem in the future As the generational bubble of the Baby Boomers begins to retire, it is increasingly evident that governments, corporations, and individuals have failed to adequately prepare for the obligations and needs of this giant cohort. Retirees are outliving actuarial life expectancies, pension liabilities are skyrocketing, pension plans are underfunded, and medical costs rise, the United States alone can expect unfunded liabilities to exceed $4 trillion. Even while the American economy shows signs of sustained recovery, states and local governments will still experience sharp increases in pension fund payments through the next year or longer. Global Pension Crisis looks at this situation and offers practical advice for retirement plan managers and financial advisors, while also explaining how to strengthen pensions and prevent similar crises in the future. Offers a clear and comprehensive explanation of the current pension crisis for retirement fund managers, financial advisors, and economists Includes prescriptive guidance on how to strengthen the pension fund system and prevent another similar crisis Written by venture capitalist, entrepreneur, and former senior Wall Street executive Rich Marin
Author : Ronald Ryan
Publisher : Leading Press
ISBN 13 : 9780615287591
Total Pages : 240 pages
Book Rating : 4.2/5 (875 download)
Download or read book The U. S. Pension Crisis written by Ronald Ryan and published by Leading Press. This book was released on 2013-12-17 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: America faces its greatest financial challenge since the Great Depression: The U.S. Pension Crisis! A devastating pension crisis looms as spiking contribution costs and promised benefit payments threaten the solvency of many corporations, cities, and states. This book details how improper accounting rules misled pension managers to follow the wrong objectives, leading to a financial crisis of epic proportions. Award-winning author Ronald J. Ryan details just how the pension crisis developed and what pension decision makers need to do now to solve this dilemma. He offers a compelling strategy to reduce pension costs and reach a fully funded status.
Author : Charles D. Ellis
Publisher : Oxford University Press
ISBN 13 : 0190218916
Total Pages : 168 pages
Book Rating : 4.1/5 (92 download)
Download or read book Falling Short written by Charles D. Ellis and published by Oxford University Press. This book was released on 2014-12-01 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States faces a serious retirement challenge. Many of today's workers will lack the resources to retire at traditional ages and maintain their standard of living in retirement. Solving the problem is a major challenge in today's environment in which risk and responsibility have shifted from government and employers to individuals. For this reason, Charles D. Ellis, Alicia H. Munnell, and Andrew D. Eschtruth have written this concise guide for anyone concerned about their own - and the nation's - retirement security. Falling Short is grounded in sound research yet written in a highly accessible style. The authors provide a vivid picture of the retirement crisis in America. They offer the necessary context for understanding the nature and size of the retirement income shortfall, which is caused by both increasing income needs-due to longer lifespans and rising health costs-and decreasing support from Social Security and employer-sponsored pension plans. The solutions are to work longer and save more by building on the existing retirement system. To work longer, individuals should plan to stay in the labor force until age 70 if possible. To save more, policymakers should shore up Social Security's long-term finances; make all 401(k) plans fully automatic, with workers allowed to opt out; and ensure that everyone has access to a retirement savings plan. Individuals should also recognize that their house is a source of saving, which they can tap in retirement through downsizing or a reverse mortgage.
Author : Keith P. Ambachtsheer
Publisher : John Wiley & Sons
ISBN 13 : 1118160657
Total Pages : 252 pages
Book Rating : 4.1/5 (181 download)
Download or read book Pension Revolution written by Keith P. Ambachtsheer and published by John Wiley & Sons. This book was released on 2011-07-05 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for Pension Revolution "When Keith Ambachtsheer puts his keen mind to work on a problem, watch out! Here he exposes today's fragile arrangements for the most serious social dilemma of our times--financing retirement. Then he provides a compelling and powerful set of solutions. His writings are essential reading for all who care about the future of American living standards." --Peter Bernstein, founder and President, Peter L. Bernstein, Inc., and author of Capital Ideas and Against the Gods "This book describes one of the most ingenious inventions in the history of mankind: pension funds offering credible promises about old-age income. It reads like a thriller: how can well-governed pension funds be created in an imperfect world in which mortals wrestle with foibles and moral shortcomings? One of the world's leading experts on pensions searches for the answer--and finds it." --Lans Bovenberg, Scientific Director, Network for Studies on Pensions, Aging, and Retirement, Tilburg University, The Netherlands "Pension Revolution exposes the inadequacies of current pension systems and persuasively makes the case for the fundamental changes that are needed. It is essential reading for both the pension industry and policymakers." --Elizabeth Bryan, Chair, Investment Committee, Unisuper Management PM Ltd, Australia "Most analyses of complicated issues deal with complexity by simplifying or only looking at one piece-part, and, in doing so, provide limited value. In stark contrast, Keith Ambachtsheer boldly wades into the complexity in Pension Revolution to come up with a valuable integrative solution. He is a most welcome revolutionary!" --Roger Martin, Dean, Joseph L. Rotman School of Management, University of Toronto, Canada "We have known Keith for over ten years, and consistently over that time, he has constructively and comprehensively challenged conventional wisdom. He has done this so effectively that many of his initial thoughts have now become universally accepted norms. Such is his energy however that he continues to push the boundaries of pension and investment thinking." --Peter Moon, Chief Investment Officer, Universities Superannuation Scheme Ltd, UK "Pension Revolution not only explains the shortcomings of the existing pension system and the underlying design features that have resulted in the current pension upheaval. It also offers thoughtful and creative suggestions for prospective pension design. A must-read for anyone interested in the future of retirement finance." --James Poterba, Professor of Economics, Massachusetts Institute of Technology and a member of the TIAA-CREF Board of Trustees
Author : Lawrence J. McQuillan
Publisher : Independent Institute
ISBN 13 : 1598131907
Total Pages : 202 pages
Book Rating : 4.5/5 (981 download)
Download or read book California Dreaming written by Lawrence J. McQuillan and published by Independent Institute. This book was released on 2015-05-29 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: California's unfunded public pension liability, when measured correctly, is two to four times larger than official government estimates. In total, California's 86 defined-benefit public pension plans are underfunded by roughly $430 billion, representing California's greatest financial challenge since the Great Depression. The failure to fully fund the pension promises has allowed the current generation to receive public services that they are not fully paying for, pushing the pension problem onto future generations. California Dreamin': Resolving the Public Pension Crisis explains how six reforms would solve the state's pension problem in an equitable, responsible, and moral way: preserving pension benefits already earned, providing competitive pensions going forward, and granting the flexibility needed so that future generations are not paying for deals they did not make.
Author : James W. Russell
Publisher : Beacon Press
ISBN 13 : 0807012564
Total Pages : 225 pages
Book Rating : 4.8/5 (7 download)
Download or read book Social Insecurity written by James W. Russell and published by Beacon Press. This book was released on 2014-04-29 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: How 401(k)s have gutted retirement security, from charging exorbitant hidden fees to failing to replace the income of traditional pensions Named one of PW's Top 10 for Business & Economics A retirement crisis is looming. In 2008, as the 401(k) fallout rippled across the country, horrified holders watched 25 percent of their funds evaporate overnight. Average 401(k) balances for those approaching retirement are too small to generate more than $4,000 in annual retirement income, and experts predict that nearly half of middle-class workers will be poor or near poor in retirement. But long before the recession, signs were mounting that few people would ever be able to accumulate enough wealth on their own to ensure financial security later in life. This hasn’t always been the case. Each generation of workers since the nineteenth century has had more retirement security than the previous generation. That is, until 1981, when shaky 401(k) plans began replacing traditional pensions. For the last thirty years, we’ve been advised that the best way to build one’s nest egg is to heavily invest in 401(k)-type programs, even though such plans were originally designed to be a supplement to rather than the basis for retirement. This financial experiment, promoted by neoliberals and aggressively peddled by Wall Street, has now come full circle, with tens of millions of Americans discovering that they would have been better off under traditional pension plans long since replaced. As James W. Russell explains, this do-it-yourself retirement system—in which individuals with modest incomes are expected to invest large sums of capital in order to reap the same rewards as high-end money managers—isn’t working. Social Insecurity tells the story of a massive and international retirement robbery—a substantial transfer of wealth from everyday workers to Wall Street financiers via tremendously costly hidden fees. Russell traces what amounts to a perfect swindle, from its ideological origins at Milton Friedman’s infamous Chicago School to its implementation in Chile under Pinochet’s dictatorship and its adoption in America through Reaganomics. Enraging yet hopeful, Russell offers concrete ideas on how individuals and society can arrest this downward spiral.
Author : Ronald J. Ryan
Publisher : Leading Press
ISBN 13 : 9780615287584
Total Pages : 240 pages
Book Rating : 4.2/5 (875 download)
Download or read book The U. S. Pension Crisis written by Ronald J. Ryan and published by Leading Press. This book was released on 2013-12-17 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: America faces its greatest financial challenge since the Great Depression: The U.S. Pension Crisis! A devastating pension crisis looms as spiking contribution costs and promised benefit payments threaten the solvency of many corporations, cities, and states. This book details how improper accounting rules misled pension managers to follow the wrong objectives, leading to a financial crisis of epic proportions. Award-winning author Ronald J. Ryan details just how the pension crisis developed and what pension decision makers need to do now to solve this dilemma. He offers a compelling strategy to reduce pension costs and reach a fully funded status.
Author : Anthony Vice
Publisher : How To Books Ltd
ISBN 13 : 9781857039429
Total Pages : 164 pages
Book Rating : 4.0/5 (394 download)
Download or read book 7 Ways to Beat the Pension Crisis written by Anthony Vice and published by How To Books Ltd. This book was released on 2004 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This up-to-date, relevant guide to dealing with the pension crisis explains new rules to come into force in 2005 and outlines seven effective ways to secure a more prosperous retirement. Advice is aimed at the 40-plus age group - so don't think it's ever too late to take steps that will really make a difference. The book explains how to; build up tax-free ISAs then switch them under the planned new rules into pension assets, bringing you safe yields of up to 15 percent; go into property, raise money from your home, buy a second home, set up a holiday let and become a landlord; build an investment portfolio, balancing cash, fixed interest and shares to spread risk and exploit growth prospects; use unit trusts to gain professional skills - and how to keep down the buying costs; arrange stakeholder pensions where each basic plan brings you a government subsidy of #16 a week; and buy into a roll-up fund if you plan to retire abroad or if you expect your tax rate to fall when you stop working.
Author : Karen Ferguson
Publisher : Simon and Schuster
ISBN 13 : 1628720433
Total Pages : 305 pages
Book Rating : 4.6/5 (287 download)
Download or read book Pensions in Crisis: Why the System is Failing America and How You Can Protect Your Future written by Karen Ferguson and published by Simon and Schuster. This book was released on 1995-05-24 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Telling readers what they need to know now to protect their pensions, two pension experts and reform advocates reveal the pitfalls in the system, ask disturbing questions, and offer valuable advice to protect retirement income.
Author : Hugh Pemberton
Publisher : British Academy
ISBN 13 :
Total Pages : 284 pages
Book Rating : 4.F/5 ( download)
Download or read book Britain's Pensions Crisis written by Hugh Pemberton and published by British Academy. This book was released on 2006-10-19 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: British pensions are in crisis. This volume explores the past, present and future of pensions in Britain. Leading experts discuss both the politics and economics of this key area of social policy, and consider developments in the systems of other European countries and in North America.
Author : Alicia H. Munnell
Publisher : Rowman & Littlefield
ISBN 13 : 0815724136
Total Pages : 266 pages
Book Rating : 4.8/5 (157 download)
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.
Author : James W. Russell
Publisher : Beacon Press
ISBN 13 : 0807014702
Total Pages : 225 pages
Book Rating : 4.8/5 (7 download)
Download or read book Social Insecurity written by James W. Russell and published by Beacon Press. This book was released on 2015-04-07 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: How 401(k)s have gutted retirement security, from charging exorbitant hidden fees to failing to replace the income of traditional pensions Named one of PW's Top 10 for Business & Economics A retirement crisis is looming. In 2008, as the 401(k) fallout rippled across the country, horrified holders watched 25 percent of their funds evaporate overnight. Average 401(k) balances for those approaching retirement are too small to generate more than $4,000 in annual retirement income, and experts predict that nearly half of middle-class workers will be poor or near poor in retirement. But long before the recession, signs were mounting that few people would ever be able to accumulate enough wealth on their own to ensure financial security later in life. This hasn’t always been the case. Each generation of workers since the nineteenth century has had more retirement security than the previous generation. That is, until 1981, when shaky 401(k) plans began replacing traditional pensions. For the last thirty years, we’ve been advised that the best way to build one’s nest egg is to heavily invest in 401(k)-type programs, even though such plans were originally designed to be a supplement to rather than the basis for retirement. This financial experiment, promoted by neoliberals and aggressively peddled by Wall Street, has now come full circle, with tens of millions of Americans discovering that they would have been better off under traditional pension plans long since replaced. As James W. Russell explains, this do-it-yourself retirement system—in which individuals with modest incomes are expected to invest large sums of capital in order to reap the same rewards as high-end money managers—isn’t working. Social Insecurity tells the story of a massive and international retirement robbery—a substantial transfer of wealth from everyday workers to Wall Street financiers via tremendously costly hidden fees. Russell traces what amounts to a perfect swindle, from its ideological origins at Milton Friedman’s infamous Chicago School to its implementation in Chile under Pinochet’s dictatorship and its adoption in America through Reaganomics. Enraging yet hopeful, Russell offers concrete ideas on how individuals and society can arrest this downward spiral.
Author : Eileen Norcross
Publisher : Cambridge University Press
ISBN 13 : 1009027026
Total Pages : 128 pages
Book Rating : 4.0/5 (9 download)
Download or read book The Political Economy of Public Pensions written by Eileen Norcross and published by Cambridge University Press. This book was released on 2021-09-02 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public pensions in the United States face an impending funding crisis in the wake of the financial crisis and the COVID-19 recession. Many cities and states will struggle to meet these growing obligations without major cuts in government services, reneging on pension promises, or raising taxes. This Element examines the development of the pension crisis through the lens of political economy. We analyze the knowledge and incentive problems inherent in the institutional structure, governance, and accounting of public pensions. We conclude by offering several institutional, governance, and reporting reforms to address the pension funding crisis.
Author : Robert Kiyosaki
Publisher :
ISBN 13 : 9781612681030
Total Pages : 240 pages
Book Rating : 4.6/5 (81 download)
Download or read book Who Stole My Pension? written by Robert Kiyosaki and published by . This book was released on 2020-01-14 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: It's estimated that there are over 50 million pensioners--in the United States alone. Like the United States, the United Kingdom, Japan, Italy, Germany and many other countries around the world are all in big trouble when it comes to the solvency of their pension funds. Who Stole My Pension? was written to give them guidance, resources, and tools so they can take action... and stop the looting. We are in the early stages of the greatest retirement crisis in the history of our nation and, indeed, the entire world. According to the World Health Organization, nearly two billion people around the world are expected to be over age 60 by 2050, a figure that's more than triple what it was in 2000. For better or for worse, never before have there been more elderly people living on planet Earth. One thing is. certain: Doing nothing--sitting back, confident your pension check is "in the mail"--is not an option. That's a risk you can't afford to take. According to Edward Siedle, a former attorney with the United States Securities and Exchange Commission and America's leading expert in pension looting, "In the decades to come, we will witness hundreds of millions of elders worldwide, including America's Baby Boomers, slipping into poverty. Too frail to work, too poor to retire will become the "new normal" for many of the aged." Kiyosaki, who like Siedle saw this crisis looming years ago, complements the facts and stats Siedle puts forth with strategies on how retirees can take control--not only their pensions, but their financial futures. Kiyosaki writes about the fact that his father, a highly educated man he calls his poor dad, wasn't poor until he lost his job, his paycheck--and his pension. "His PHD couldn't save him," says Kiyosaki, who has dedicated his life to teaching and financial literacy advocacy. In Who Stole My Pension? the authors focus on the most misunderstood and ignored cause of the pension crisis: mismanagement of pensions and investments. The culprits that are looting the pensions of public school teachers, firefighters, police, as well as private sector workers, are on Wall Street. The Wall Street casinos charging high fees for gambling in risky hedge funds and other speculative investments, outrageous investment-industry conflicts of interest, and outright violations of the law. Who Stole My Pension? is an in-depth assessment of the pension crisis that the world is facing today and what millions around the world--employees who expected to have pension income at retirement--can do about it. The authors recount a history of pension failures, inexperienced boards, gambling, looting and other horror stories--with a focus on action steps workers and retirees can take to quickly determine if a pension is being mismanaged as well as the concrete steps they can take to end decades of pension mismanagement. They detail critical questions retirees can ask--and guidance regarding how to act on what they learn.
Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264313737
Total Pages : 164 pages
Book Rating : 4.2/5 (643 download)
Download or read book OECD Reviews of Pension Systems: Portugal written by OECD and published by OECD Publishing. This book was released on 2019-03-20 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This review builds on the OECD’s best practices in pension design and provides policy recommendations on how to improve the Portuguese pension system, detailing the Portuguese pension system and its strengths and weaknesses based on cross-country comparisons. The Portuguese pension system ...
Author : Gregorio Impavido
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.3/5 ( download)
Download or read book How the Financial Crisis Affects Pensions and Insurance and Why the Impacts Matter written by Gregorio Impavido and published by International Monetary Fund. This book was released on 2009-07 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use a calibrated multi-sector DSGE model to analyze the likely impact of oil windfalls on the Ghanaian economy, under alternative fiscal and monetary policy responses. We distinguish between the short-run impact, associated with demand-related pressures, and the medium run impact on competitiveness and growth. The impact on inflation and the real exchange rate could be moderate, especially if the fiscal authorities smooth oil-related spending or increase public spending's import content. However, a policy mix that results in both a fiscal expansion and the simultaneous accumulation of the foreign currency proceeds from oil as international reserves to offset the real appreciation would raise demand pressures and crowd-out the private sector. In the medium term, the negative impact on competitiveness resulting from "Dutch Disease" effects could be small, provided public spending increases the stock of productive public capital. These findings highlight the role of different policy responses, and their interaction, for the macroeconomic impact of oil proceeds.
