Finding Common Ground in Pension Reform

Finding Common Ground in Pension Reform PDF Author: Dan Goldhaber
Publisher:
ISBN:
Category :
Languages : en
Pages : 17

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Book Description
As states and localities across the nation consider the tradeoffs between defined benefit (DB) and defined contribution (DC) pension systems, it is important to gain insight into what implications pension reforms might have on workforce composition and teachers' retirement savings behavior. Moreover, it is also important to consider that strategies to improve pension systems may exist outside of the DB-DC binary. This brief reports on the findings of research from Washington State, where, since 1996, teachers have been enrolled in either a traditional DB plan or a hybrid DB-DC plan, and where teachers have been able to choose between the two plans during two periods of time. This provides an unusual opportunity to study teachers' preferences for different types of pension plans as well as their savings behavior when enrolled in a plan with a DC component. The brief begins with an overview of the legislative history of Washington's teacher pension system as well as a description of the distinctive characteristics of the available pension plans. It then reports on several key lessons from analyses of the State's teacher pension system.

Finding Common Ground in Pension Reform

Finding Common Ground in Pension Reform PDF Author: Dan Goldhaber
Publisher:
ISBN:
Category :
Languages : en
Pages : 17

Get Book Here

Book Description
As states and localities across the nation consider the tradeoffs between defined benefit (DB) and defined contribution (DC) pension systems, it is important to gain insight into what implications pension reforms might have on workforce composition and teachers' retirement savings behavior. Moreover, it is also important to consider that strategies to improve pension systems may exist outside of the DB-DC binary. This brief reports on the findings of research from Washington State, where, since 1996, teachers have been enrolled in either a traditional DB plan or a hybrid DB-DC plan, and where teachers have been able to choose between the two plans during two periods of time. This provides an unusual opportunity to study teachers' preferences for different types of pension plans as well as their savings behavior when enrolled in a plan with a DC component. The brief begins with an overview of the legislative history of Washington's teacher pension system as well as a description of the distinctive characteristics of the available pension plans. It then reports on several key lessons from analyses of the State's teacher pension system.

Pension Reform and the Development of Pension Systems

Pension Reform and the Development of Pension Systems PDF Author: Emily S. Andrews
Publisher: World Bank Publications
ISBN: 0821365525
Category : Business & Economics
Languages : en
Pages : 198

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Book Description
"Formal pension systems are an important means of reducing poverty among the aged. In recent years, however, pension reform has become a pressing matter, as demographic aging, poor administration, early retirement, and unaffordable benefits have strained pension balances and overall public finances. Pension systems have become a source of macroeconomic instability, a constraint to economic growth, and an ineffective and/or inequitable provider of retirement income."

Reforming Public Pensions Sharing the Experiences of Transition and OECD Countries

Reforming Public Pensions Sharing the Experiences of Transition and OECD Countries PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264105816
Category :
Languages : en
Pages : 328

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Book Description
This conference proceedings compares public pension reform efforts in Central and Eastern Europe with those in other OECD countries, looking at the reasons for reform, policy choices and constraints, the well-being of older people, distributional consequences of reform, and implementation.

A Search for Common Ground

A Search for Common Ground PDF Author: Frederick M. Hess
Publisher: Teachers College Press
ISBN: 0807765163
Category : Education
Languages : en
Pages : 193

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Book Description
"At a time of bitter national polarization, there is a critical need for leaders who can help us better communicate with one another. Written as a series of back-and-forth exchanges, this engaging book illustrates a model of civil debate between those with substantial, principled differences. It is also a powerful meditation on where 21st-century school improvement can and should go next"--

The Political Economy of Reform Lessons from Pensions, Product Markets and Labour Markets in Ten OECD Countries

The Political Economy of Reform Lessons from Pensions, Product Markets and Labour Markets in Ten OECD Countries PDF Author: Tompson William
Publisher: OECD Publishing
ISBN: 9264073116
Category :
Languages : en
Pages : 501

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Book Description
By looking at 20 reform efforts in ten OECD countries, this report examines why some reforms are implemented and other languish.

Ageing and Pension Reform Around the World

Ageing and Pension Reform Around the World PDF Author: Giuliano Bonoli
Publisher: Edward Elgar Publishing
ISBN: 1845423372
Category : Social Science
Languages : en
Pages : 292

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Book Description
This is an admirable example of a multi-authored comparative book. The two editors set the scene very carefully in the opening chapter and the subsequent chapters follow the framework set out and use the concepts explored there. In this never simple policy area, national systems are explained as clearly as possible by each author. Michael Hill, Journal of Social Policy This is an enlightening introduction to the global dimensions and complexity of pension reform. Recommended. J.F. O Connell, Choice Population ageing and the resulting pressures on existing pension systems constitutes one of the most important challenges modern societies will have to face over the coming decades. Although governments have responded to such pressures by adopting a plethora of pension reforms, the adaptation process is far from over. This book comprehensively documents developments in pension policy in eleven advanced industrial countries in Western Europe, East Asia and North America. In order to explore what population ageing means for the sustainability of pension systems, the authors present a detailed review of pension policy making over the past two decades and provide up-to-date analysis of current pension legislation. They examine the factors that can facilitate or impede the adaptation of pension systems and the features that shape and determine reforms. They also highlight the fact that although the path of reform taken by each country is somewhat different, the processes at work are often very similar. Ageing populations throughout the world are extremely reluctant to see their pension systems dismantled and are therefore prepared to mobilise in their defence. This process of mobilisation interacts with demographic pressures and institutional constraints to help determine the future direction of pension policy. The breadth of geographic coverage provides an almost global picture of the impact of ageing on pension reform, at least in terms of high income countries. Academics and students with an interest in economics, social policy, sociology and political science will find this a worthwhile and rewarding volume. It will also be of value to policymakers interested in how the problem of unsustainable pension systems can be resolved.

China's Pension Reforms

China's Pension Reforms PDF Author: Ke Meng
Publisher: Routledge
ISBN: 135106164X
Category : Business & Economics
Languages : en
Pages : 263

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Book Description
Existing literature has looked at many factors which have shaped Chinese pension reforms. As China’s pension reform proceeds in an expanding and localising fashion, this book argues that there is a pressing need to examine it in the context of China’s political institutions and economic transformations. The book takes a unique approach by looking at political institutions of the Chinese state and the changing conditions of the Chinese economy, which rarely receive proper treatment in the current analysis of China’s pension reforms.

Fighting for Common Ground

Fighting for Common Ground PDF Author: Olympia Snowe
Publisher: Hachette Books
ISBN: 1602862184
Category : Political Science
Languages : en
Pages : 332

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Book Description
An outspoken centrist, Senator Snowe stunned Washington in February 2012 when she announced she would not seek a fourth term and offered a sharp rebuke to the Senate, citing the dispiriting gridlock and polarization. After serving in the legislative branch at the state and federal levels for 40 years, including 18 years in the U.S. Senate, she explained that Washington wasn’t solving the big problems anymore.In this timely call to action, she explores the roots of her belief in principled policy-making and bipartisan compromise. A leading moderate with a reputation for crossing the aisle, Senator Snowe will propose solutions for bridging the partisan divide in Washington, most notably through a citizens’ movement to hold elected officials accountable. Senator Snowe recounts how the tragedies and triumphs of her personal story helped shape her political approach. Born in Augusta, Maine, Senator Snowe was orphaned at nine, and raised by an aunt and uncle. When she was twenty-six, her husband, a Maine state representative, was killed in an auto accident. Already dedicated to public service, she ran for and won her husband’s seat.The book will include anecdotes from throughout her career, and address her working relationships with Presidents Reagan through Obama, Senator Ted Kennedy, Majority Leader Bob Dole, and many others. As a senior member of the powerful Senate Finance Committee, the high-profile Commerce and Intelligence Committees, and the Senate Small Business Committee, Senator Snowe has been directly involved with the most talked-about legislative challenges of recent decades: the country’s response to 9/11; the 2008 financial crisis; the Affordable Healthcare Act; the debt ceiling debacle, and much more.Her new book will draw on the lessons she's learned as a policymaker, and the frustration she shares with the American people about the government’s dwindling productivity. Senator Snowe passionately argues that the government has now lost its way, shows how this happened, and proposes ways for the world’s greatest deliberative body to, once again, fulfill its mission.

Examining Long-term Solutions to Reform and Strengthen the Defined Benefit Pension System

Examining Long-term Solutions to Reform and Strengthen the Defined Benefit Pension System PDF Author: United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Employer-Employee Relations
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 96

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Book Description


The Rise of the Working-Class Shareholder

The Rise of the Working-Class Shareholder PDF Author: David Webber
Publisher: Harvard University Press
ISBN: 0674919475
Category : Political Science
Languages : en
Pages : 175

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Book Description
“Riveting . . . contributes wonderfully to a new and ongoing conversation about inequality, dark money, and populism in the electorate.” —Mehrsa Baradaran, author of The Color of Money When Steven Burd, CEO of the supermarket chain Safeway, cut wages and benefits, starting a five-month strike by 59,000 unionized workers, he was confident he would win. But where traditional labor action failed, a new approach was more successful. With the aid of the California Public Employees' Retirement System, a $300 billion pension fund, workers led a shareholder revolt that unseated three of Burd’s boardroom allies. In The Rise of the Working-Class Shareholder: Labor’s Last Best Weapon, David Webber uses cases such as Safeway’s to shine a light on labor’s most potent remaining weapon: its multitrillion-dollar pension funds. Outmaneuvered at the bargaining table and under constant assault in Washington, statehouses, and the courts, worker organizations are beginning to exercise muscle through markets. Shareholder activism has been used to divest from anti-labor companies, gun makers, and tobacco; diversify corporate boards; support Occupy Wall Street; force global warming onto the corporate agenda; create jobs; and challenge outlandish CEO pay. Webber argues that workers have found in labor’s capital a potent strategy against their exploiters. He explains the tactic’s surmountable difficulties even as he cautions that corporate interests are already working to deny labor’s access to this powerful and underused tool. The Rise of the Working-Class Shareholder is a rare good-news story for American workers, an opportunity hiding in plain sight. Combining legal rigor with inspiring narratives of labor victory, Webber shows how workers can wield their own capital to reclaim their strength. “Weaves narratives of activist campaigns (pension fund administrators, union staffers, and government comptrollers are the book’s unlikely heroes) with fine-grained analysis of the relevant legal and financial concepts in accessible prose.” —Publishers Weekly