Financial Aspects Of The United States Pension System
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| Author | : Zvi Bodie |
| Publisher | : University of Chicago Press |
| Total Pages | : 466 |
| Release | : 2008-04-15 |
| Genre | : Business & Economics |
| ISBN | : 0226062899 |
This book provides valuable information and analysis to managers, policymakers, and investment counselors in the rapidly expanding field of pension funding. American workers, too, need answers and insights on how to invest their money and plan for their retirement. fifteen of America's leading financial analysts address such pressing questions as -What is the current financial status of the elderly, and how vulnerable are they to inflation? -What is the impact of inflation on the private pension system, and what are the effects of alternative indexing schemes? -What roles can the social security system play in the provision of retirement income? -What is the effect of the tax code and the Employee Retirement Income Security Act of 1974 (ERISA) on corporate pension policy? -How well funded are corporate pension plans, and is a firm's unfunded pension liability fully reflected in the market value of its common stock? Many of the conclusions these experts reach contradict and challenge popular views, thus providing fertile ground for innovation in pension planning.
| Author | : Robert Louis Clark |
| Publisher | : University of Pennsylvania Press |
| Total Pages | : 280 |
| Release | : 2003-05-12 |
| Genre | : History |
| ISBN | : 9780812237146 |
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.
| Author | : Robert L. Clark |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 241 |
| Release | : 2011-01-01 |
| Genre | : Business & Economics |
| ISBN | : 0857930591 |
State and Local Retirement Plans in the United States explains how economic and political events have shaped the development of pension plans in the last century, and it argues that changes in the structure and generosity of these plans will continue to shape policy and funding in the future. It also brings to bear a new rationale to the policies behind public sector pension plans. The authors use the history of how early public pension plans were established, how they matured and how they have grown in generosity to analyze what changes may be expected in years to come. Unique in its scope, this comprehensive history of the development of public sector pension plans in the United States during the twentieth century expands upon current ideas relating to the changing economic environment, the passage and evolution of social security, and the expansion of the public sector. With the exception of military pension plans, which date from the eighteenth century, the first public sector plans, dating from the late nineteenth century, were established to cover teachers, police officers and fire fighters in large cities. Over time, these retirement plans were extended to other public sector workers and the local plans were often merged with plans for state workers; all of these date from the twentieth century. Here, the authors show just how pension coverage for public sector workers expanded steadily, through the first half of the twentieth century, so that by the 1960s the vast majority of public sector workers were covered by a plan. This analysis demonstrates how economic events and shifts in public policy at the federal, state, and local levels helped to shape public sector retirement plans. The authors also compare public plans with private sector plans, and the final chapter focuses on recent changes in public pensions in response to the 'Great Recession', concurrent sharp declines in equity markets and the aging of the public workforce.
| Author | : United States. Congress. Senate. Committee on Finance. Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service |
| Publisher | : |
| Total Pages | : 336 |
| Release | : 1990 |
| Genre | : Defined benefit pension plans |
| ISBN | : |
| Author | : United States. Congress. Senate. Committee on Finance. Subcommittee on Private Pension Plans |
| Publisher | : |
| Total Pages | : 1324 |
| Release | : 1973 |
| Genre | : Pension trusts |
| ISBN | : |
| Author | : United States. Congress. Senate. Committee on Finance |
| Publisher | : |
| Total Pages | : 172 |
| Release | : 1973 |
| Genre | : Pension trusts |
| ISBN | : |
| Author | : United States. Congress. Senate. Committee on Finance. Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service |
| Publisher | : |
| Total Pages | : 172 |
| Release | : 1993 |
| Genre | : Business & Economics |
| ISBN | : |
| Author | : Marta Peris-Ortiz |
| Publisher | : Springer Nature |
| Total Pages | : 487 |
| Release | : 2020-03-20 |
| Genre | : Business & Economics |
| ISBN | : 3030379124 |
This book examines the major economic challenges associated with the sustainability of public pensions, specifically demographic change, labor-market relations, and risk sharing. The issue of public pensions occupies the political and economic agendas of many major governments in the world. International organizations such as the World Bank and the OECD warn that the economic changes driven by an aging society negatively affects the sustainability of pension systems. This book analyzes different global public pension systems to offer policies, methods and tools for sustainable public pensions. Real case studies from France, Sweden, Latin America, Algeria, USA and Mexico are featured.
| Author | : United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight |
| Publisher | : |
| Total Pages | : 24 |
| Release | : 1991 |
| Genre | : Business & Economics |
| ISBN | : |
| Author | : Robert Fenge |
| Publisher | : MIT Press |
| Total Pages | : 311 |
| Release | : 2008 |
| Genre | : Pension trusts |
| ISBN | : 0262062720 |
Demographic realities will soon force developed countries to find ways to pay for longer retirements for more people. In Pension Strategies in Europe and the United States, leading economists analyze topical issues in pension policy, with a focus on raising the retirement age, increasing retirement savings, and the political sustainability of reforms that will accomplish these goals. After a substantive and wide-ranging introduction by the editors that weaves together the demographic and economic strands of the story, the chapters present cutting-edge research, offering both theoretical and empirical analyses. Contributors examine such topics as the reform of key structural features of existing pay-as-you-go (PAYG) pension systems, analyzing how benefits should vary with the age of retirement, labor supply elasticity after France's 1993 pension reform, and fiscal response to a demographic shock; the feasibility of PAYG reforms in the United States and the competition among state pension systems that results from labor mobility in Europe; and private, funded systems (increasingly perceived as necessary adjuncts to PAYG systems) in the UK, the US, and the Netherlands, and in terms of individual portfolio management. The editors conclude the volume with a study of recent German and UK reforms and their effects on personal savings.ContributorsTheodore C. Bergstrom, A. Lans Bovenberg, Antoine Bozio, Woojen Chung, Juan C. Conesa, Gabrielle Demange, Richard Disney, Carl Emmerson, Robert Fenge, Luisa Fuster, Carlos Garriga, Christian Gollier, John L. Hartman, Ayse Imrohoroglu, Selahattin Imrohoroglu, Thijs Knaap, Georges de Ménil, Pierre Pestieau, Eytan Sheshinski, Matthew WakefieldRobert Fenge is Senior Research Fellow at the Ifo Institute for Economic Research and Assistant Professor of Economics at the University of Munich. Georges de Ménil is Professor of Economics at École des Hautes Études en Sciences Sociales (EHESS), Paris. Pierre Pestieau is Professor of Economics at the University of Liège. Fenge and Pestieau are coauthors of Social Security and Early Retirement (MIT Press, 2005).
