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Author: United States. Social Security Administration. Office of Research and Statistics
Publisher:
ISBN:
Category : Health insurance
Languages : en
Pages : 84
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Author: United States. Social Security Administration. Office of Research and Statistics
Publisher:
ISBN:
Category : Health insurance
Languages : en
Pages : 84
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Book Description
Author: Kansas. Legislature. Legislative Council. Research Department
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 32
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Author: United States. Bureau of the Census
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 12
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Author:
Publisher:
ISBN:
Category : Employee fringe benefits
Languages : en
Pages : 128
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Author:
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 36
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Author:
Publisher:
ISBN:
Category : Employee fringe benefits
Languages : en
Pages : 108
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 1058
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Author: Alicia H. Munnell
Publisher: Rowman & Littlefield
ISBN: 0815724136
Category : Business & Economics
Languages : en
Pages : 266
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Book Description
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: United States. Bureau of the Census
Publisher:
ISBN:
Category : Local government
Languages : en
Pages : 588
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Author: United States. Bureau of Labor Statistics
Publisher:
ISBN:
Category : Employee fringe benefits
Languages : en
Pages : 8
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