Postal Pension Funding Reform PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Postal Pension Funding Reform PDF full book. Access full book title Postal Pension Funding Reform by David M. Walker. Download full books in PDF and EPUB format.
Author: David M. Walker
Publisher: DIANE Publishing
ISBN: 9780756739713
Category :
Languages : en
Pages : 46
Get Book Here
Book Description
In April 2003, Congress enacted the Postal Civil Service Retire. System (CSRS) Funding Reform Act of 2003 (P.L. 108-18), which lowered the Postal Service's (USPS) annual pay. for its CSRS obligation by over $2.5 billion beg. in FY 2003. The Act requires: (1) the USPS to begin making payments into an escrow account in FY 2006, (2) the USPS to issue a report on its proposed use of "savings" resulting from the lower CSRS payments, and (3) the GAO to evaluate the USPS's report and present its findings to Congress. GAO evaluated whether the USPS's proposals were consistent with P.L. 108-18; the impact of the escrow account; and whether the proposals were fair to current and future ratepayers, affordable, and helped achieve transformation goals. Tables.
Author: David M. Walker
Publisher: DIANE Publishing
ISBN: 9780756739713
Category :
Languages : en
Pages : 46
Get Book Here
Book Description
In April 2003, Congress enacted the Postal Civil Service Retire. System (CSRS) Funding Reform Act of 2003 (P.L. 108-18), which lowered the Postal Service's (USPS) annual pay. for its CSRS obligation by over $2.5 billion beg. in FY 2003. The Act requires: (1) the USPS to begin making payments into an escrow account in FY 2006, (2) the USPS to issue a report on its proposed use of "savings" resulting from the lower CSRS payments, and (3) the GAO to evaluate the USPS's report and present its findings to Congress. GAO evaluated whether the USPS's proposals were consistent with P.L. 108-18; the impact of the escrow account; and whether the proposals were fair to current and future ratepayers, affordable, and helped achieve transformation goals. Tables.
Author:
Publisher: DIANE Publishing
ISBN: 1428942793
Category :
Languages : en
Pages : 54
Get Book Here
Book Description
Author: Samuel Pienknagura
Publisher: International Monetary Fund
ISBN: 151359611X
Category : Business & Economics
Languages : en
Pages : 52
Get Book Here
Book Description
Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.
Author: Mr.Benedict J. Clements
Publisher: International Monetary Fund
ISBN: 147556631X
Category : Business & Economics
Languages : en
Pages : 86
Get Book Here
Book Description
Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where pension coverage is extensive, the issues are similar to those in advanced economies. Where pension coverage is low, the key challenge will be to expand coverage in a fiscally sustainable manner. This volume examines the outlook for public pension spending over the coming decades and the options for reform in 52 advanced and emerging market economies.
Author: United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs
Publisher:
ISBN:
Category : Government employees' health insurance
Languages : en
Pages : 32
Get Book Here
Book Description
Author: Jun Peng
Publisher: CRC Press
ISBN: 0849305519
Category : Political Science
Languages : en
Pages : 286
Get Book Here
Book Description
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
Author: United States. Government Accountability Office
Publisher:
ISBN:
Category : Federal government
Languages : en
Pages : 55
Get Book Here
Book Description
Author: Chris Edwards
Publisher: Cato Institute
ISBN: 1933995513
Category : Political Science
Languages : en
Pages : 263
Get Book Here
Book Description
The federal government is running huge budget deficits, spending too much, and heading toward a financial crisis. Federal spending soared under President George W. Bush, and the costs of programs for the elderly are set to balloon in coming years. Hurricane Katrina has made the federal budget situation even more desperate. In Downsizing the Federal Government Cato Institute budget expert Chris Edwards provides policymakers with solutions to the growing federal budget mess. Edwards identifies more than 100 federal programs that should be terminated, transferred to the states, or privatized in order to balance the budget and save hundreds of billions of dollars. Edwards proposes a balanced reform package of cuts to entitlements, domestic programs, and excess defense spending. He argues that these cuts would not only eliminate the deficit, but also strengthen the economy, enlarge personal freedom, and leave a positive fiscal legacy for the next generation. Downsizing the Federal Government discusses the systematic causes of wasteful spending, and it overflows with examples of federal programs that are obsolete and mismanaged. The book examines the budget process and shows how policymakers act contrary to the interests of average Americans by favoring special interests.
Author: Mr. Alvar Kangur
Publisher: International Monetary Fund
ISBN: 1513588842
Category : Business & Economics
Languages : en
Pages : 26
Get Book Here
Book Description
The Greek pension system has been costly, complex, and distortive, which has contributed to Greece’s fiscal problems and discouraged labor force participation. Several attempts to reform the system faltered due to lack of implementation, pushback by vested interests, and court rulings leading to reversals. A series of reforms introduced throughout 2015–17 unified benefit and contribution rules, removed several distortions and reduced fragmentation and costs. If fully implemented throughout the long-term, these reforms can go a long way towards enhancing the pension system affordability. However, reforms faced setbacks and fell short of creating stronger incentives to build long contribution histories, to deliver sustainable growth by improving the fiscal policy mix, and to ensure fairness and equitable burden sharing across generations and interest groups. Policy priorities should aim towards fully implementing the 2015–17 reforms and complementing them with additional reforms to address these remaining objectives.
Author: Citizens Against Government Waste
Publisher: St. Martin's Griffin
ISBN: 146685314X
Category : Political Science
Languages : en
Pages : 212
Get Book Here
Book Description
The federal government wastes your tax dollars worse than a drunken sailor on shore leave. The 1984 Grace Commission uncovered that the Department of Defense spent $640 for a toilet seat and $436 for a hammer. Twenty years later things weren't much better. In 2004, Congress spent a record-breaking $22.9 billion dollars of your money on 10,656 of their pork-barrel projects. The war on terror has a lot to do with the record $413 billion in deficit spending, but it's also the result of pork over the last 18 years the likes of: - $50 million for an indoor rain forest in Iowa - $102 million to study screwworms which were long ago eradicated from American soil - $273,000 to combat goth culture in Missouri - $2.2 million to renovate the North Pole (Lucky for Santa!) - $50,000 for a tattoo removal program in California - $1 million for ornamental fish research Funny in some instances and jaw-droppingly stupid and wasteful in others, The Pig Book proves one thing about Capitol Hill: pork is king!
