State and Local Pension Fund Management

State and Local Pension Fund Management
Author: Jun Peng
Publisher: CRC Press
Total Pages: 286
Release: 2008-08-21
Genre: Political Science
ISBN: 0849305519

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

Governance and Fund Management in the Chinese Pension System

Governance and Fund Management in the Chinese Pension System
Author: Yu-Wei Hu
Publisher: International Monetary Fund
Total Pages: 52
Release: 2009-11-01
Genre: Business & Economics
ISBN: 145187393X

The Chinese pension system is highly fragmented and decentralized, with governance standards, pension fund management practices, their regulation and supervision varying considerably both across the funded components of the Chinese pension system and across provinces. This paper describes the key components of the system, highlights the progress made to date and identifies remaining weaknesses, in regard to information disclosure, the governance framework and pension fund management standards.

Governance and Investment of Public Pension Assets

Governance and Investment of Public Pension Assets
Author: Sudhir Rajkumar
Publisher: World Bank Publications
Total Pages: 364
Release: 2011
Genre: Social Science
ISBN: 0821384708

And key messages -- Key principles of governance and investment management -- Governance of public pension assets -- Governance structures and accountabilities -- Qualification, selection, and operation of governing bodies -- Operational policies and procedures -- Managing fiscal pressures in defined-benefit schemes -- Policy responses to turbulent financial markets -- Investment of public pension assets -- Defining the investment policy framework for public pension funds -- Managing risk for different cohorts in defined-contribution schemes -- An asset-liability approach to strategic asset allocation for pension funds -- In-house investment versus outsourcing to external investment managers -- International investments and managing the resulting currency risk -- Alternative asset classes and new investment themes.

Pensions in the Public Sector

Pensions in the Public Sector
Author: Olivia S. Mitchell
Publisher: University of Pennsylvania Press
Total Pages: 692
Release: 2001
Genre: Business & Economics
ISBN: 9780812235784

From the Pension Research Council of the Wharton School, this book explores the diversity of governmental pension plans and investigates how these financial institutions must change in years to come.

Governance of Public Pension Funds

Governance of Public Pension Funds
Author: David Hess
Publisher: World Bank Publications
Total Pages: 40
Release: 2003
Genre: Corporate governance
ISBN:

An understanding of corporate governance theory can promote the adoption of appropriate governance tools to limit agency problems in public pension fund management. The absence of a market for corporate control hinders the translation of lessons from the private sector corporate world to public pension governance. The establishment of a fit, and proper governing body for public pension funds, thus may be even more important than the maintenance of a comparable body for private sector corporations. In particular, behavioral controls should be carefully designed.

A History of Public Sector Pensions in the United States

A History of Public Sector Pensions in the United States
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.

Innovations in Pension Fund Management

Innovations in Pension Fund Management
Author: Arun S. Muralidhar
Publisher: Stanford University Press
Total Pages: 372
Release: 2001
Genre: Business & Economics
ISBN: 9780804745215

This book gives state-of-the-art guidance on how to implement investment strategy with cutting-edge practices of plan sponsors and investment managers. All aspects of fund management will be seen in a fresh light, as professionals read about current practical and theoretical twists and turns in asset allocation, risk management, and performance evaluation and implementation.

U.S. Public Pension Handbook: A Comprehensive Guide for Trustees and Investment Staff

U.S. Public Pension Handbook: A Comprehensive Guide for Trustees and Investment Staff
Author: Von M. Hughes
Publisher: McGraw Hill Professional
Total Pages: 497
Release: 2019-07-26
Genre: Business & Economics
ISBN: 1260134776

The first comprehensive guide to mastering the roles and responsibilities of a public pension fiduciary in the U.S. In an ever-changing financial and political landscape, your job as a public pension fiduciary continues to get more difficult. Now, you have the help you need. U.S. Public Pension Handbook is the only one-stop resource that covers the various areas of public pension governance, investment management, infrastructure, accounting, and law. This comprehensive guide presents critical data, information, and insights in topic-specific, easy-to-understand ways—providing the knowledge you need to elevate your expertise and overall contribution to your pension plan or system. U.S. Public Pension Handbook covers:•Today’s domestic and global public pension marketplace•The ins and outs of the defined benefit model, the defined contribution, and hybrid pension designs•Financial concepts central to the actuarial valuation of pension benefits•Public pension investment policies and philosophies•Asset allocations and how they have changed over time•State and local government pension contribution policies•The impact of governance structure and board composition on organizational results•Fiduciary responsibility and the general legal/regulatory framework governing trustees•How changes in trust law may affect public pension trustee fiduciary responsibility and liability•Best practices in pension governance and organizational designPublic pension trustees are the unsung heroes of the world of finance, collectively managing over $6 trillion in retirement assets in this country alone. U.S. Public Pension Handbook provides the grounding you need to make sure you perform your all-important with the utmost expertise and professionalism.

On the Governance of Public Pension Fund Management

On the Governance of Public Pension Fund Management
Author: Gregorio Impavido
Publisher: World Bank Publications
Total Pages: 44
Release: 2002
Genre: Fondo de pensiones
ISBN:

The author surveys the empirical literature on the relationship between governance of public pension fund management and investment performance. He makes a preliminary attempt to identify good governance practices and distill governance guidelines aimed at reducing the political risk that is associated with central, public pension fund management. The author highlights the need for further work to support the development of a satisfactory set of governance guidelines.

The Future of Pension Management

The Future of Pension Management
Author: Keith P. Ambachtsheer
Publisher: John Wiley & Sons
Total Pages: 226
Release: 2016-02-23
Genre: Business & Economics
ISBN: 1119191025

A real-world look at the pension revolution underway The Future of Pension Management offers a progress report from the field, using actual case studies from around the world. In the mid-70s, Peter Drucker predicted that demographic dynamics would eventually turn pensions into a major societal issue; in 2007, author Keith Ambachsheer's book Pension Revolution laid out the ways in which Drucker's predictions had come to pass. This book provides a fresh look at the situation on the ground, and details the encouraging changes that have taken place in pension management concepts and practices. The challenges identified in 2007 are being addressed, and this report shows how design, management, and investment innovation have led to measurably better pension outcomes. Pensions have become an everyday news item, and people are rightly concerned about the security of their retirement in light of recent pension scandals and the global financial crisis. This book provides a note of encouragement, detailing the ways in which today's pensions are becoming more and more secure, and the new ideas and practices that are chipping away at the challenges. Learn how pension management practices are improving Examine the uptick in positive outcomes over recent years Discover why pension investing is turning toward the long-term Consider the challenges that remain and their possible solutions Drucker's vision of a needed pension revolution is unfolding in real time. Better pension designs, more effective pension governance, and more productive pension investing are mitigating many of the issues that threatened collapse. The Future of Pension Management provides a real-world update on the state of pensions today and a look forward to the changes we still need to make.