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.

Understanding Pensions

Understanding Pensions
Author: Martin Sullivan
Publisher: Routledge
Total Pages: 184
Release: 2004-08-28
Genre: Business & Economics
ISBN: 1134480245

With birth rates falling at the same time that average ages are rising in the developed world, the pensions time bomb is ticking louder than ever. This timely new book is an extremely useful contribution to this important issue.

Pensions Explained

Pensions Explained
Author: James Lowe
Publisher:
Total Pages: 220
Release: 2010-10
Genre: Pensions
ISBN: 9781844901104

Gone are the days when you could rely on the state pension to provide a comfortable retirement. But with all the options out there how much do you save, and how? This book takes a realistic look at how you can safeguard your future.

The Single-tier Pension

The Single-tier Pension
Author: Great Britain: Department for Work and Pensions
Publisher: The Stationery Office
Total Pages: 110
Release: 2013-01-14
Genre: Business & Economics
ISBN: 9780101852821

This paper outlines the Government's detailed proposition for state pension reform. It follows a consultation on the proposals set out in "A state pension of the 21st century" (2011, Cm. 8053, ISBN 9780101805322). There was consensus that the state pension system needed to be simplified and the aim is to merge the state second pension with the basic state pension, to create one flat-rate payment. The new flat-rate state pension will start in April 2017 at the earliest. The weekly payment will be £144, plus inflation rises between now and 2017. Chapters in this paper cover: the context for reform; the single-tier pension; managing the end of contracting-out; the transition to the single-tier pension; sustainability and assumptions; longer-term sustainability - state pension age. Annexes provide: a brief history of the state pension; faster flat rating - assessment against principles for reform; features of the single-tier pension and specific transitional arrangements; an example pension statement; proposed timetable for implementing the increase in state pension age to 67.

State and Local Pensions

State and Local Pensions
Author: Alicia H. Munnell
Publisher: Rowman & Littlefield
Total Pages: 266
Release: 2012-08-27
Genre: Business & Economics
ISBN: 0815724136

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.

Managing Pension Plans

Managing Pension Plans
Author: Dennis E. Logue
Publisher: Oxford University Press, USA
Total Pages: 0
Release: 1998
Genre: Pension trusts
ISBN: 9780875847917

Pension funds are big business. They are important to employers, employees, governments, and society at large. With the increasing concern over dwindling retirement pension fund crises, managing pension plans has never been more critical--and the pressure on those who are responsible for them has only intensified. Destined to become the classic resource on pension plan management, Managing Pension Plans explains everything you need to know for successful management of any pension plan--from how pension plans help sponsors manage their workforces to the latest in investment and risk management. With concise and practical Managing Pensions Plans is an indispensable resource for pension fund trustees, boards of directors, managers, and administrators of both public and private pension plans as well as for the money management firms, consultants, actuaries, and accountants who serve the pension fund industry. Logue and Rader, two of the world's leading experts on the subject, explain all the financial, legal, economic, accounting, and managerial issues that those who make pension fund decisions must juggle--in language that non-financial managers can understand, yet with sufficient depth to be useful to financial managers as well. The authors synthesize the latest in capital market and financial economics research to help those involved in pension management improve their decision-making in all the critical areas. In addition, the book describes in detail the responsibilities of fiduciaries, revealing how to be both a prudent fiduciary and a capable decision maker. Managing Pension Plans offers candid advice on how pension managers can improve fund performance by being more effective shareholders. As pension fund management and performance increasingly affect the success of organizations as a whole, this book will be indispensable to anyone--from fund analysts to board members-who influences pension fund decisions.

Restructuring Retirement Risks

Restructuring Retirement Risks
Author: David Blitzstein
Publisher: Oxford University Press, USA
Total Pages: 270
Release: 2006-08-03
Genre: Business & Economics
ISBN: 0199204659

Highlighting retirement security as a major policy concern, this book addresses the question 'What are the risks & rewards in pensions, & what paths can stakeholders chose to solve these problems?'. It deals with employees' needs & expectations, employers' intentions & realizations, & policymakers' efforts to resolve the many challenges.

The People's Pension

The People's Pension
Author: Eric Laursen
Publisher: AK Press
Total Pages: 834
Release: 2012
Genre: Political Science
ISBN: 1849351015

Explores the potential benefits of a government-independent, democratized Social Security system to support dependents suffering from the reduction of other government benefits.

Social Security Pensions

Social Security Pensions
Author: C. Gillion
Publisher: International Labor Office
Total Pages: 808
Release: 2000
Genre: Business & Economics
ISBN:

By providing a balanced assessment and factual review of the praticalities and structure behind various pension schemes around the world, this book assists decision-makers in forming effective, viable pension policy.