State and Local Pensions (Paperback)

Alicia H. Munnell

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Lingua: inglese

Editore: Bloomsbury Publishing Plc, Washington DC, 2012

081573414X / 9780815734147

Da: Grand Eagle Retail, Bensenville, IL, U.S.A.Grand Eagle Retail

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Venditore AbeBooks dal 12 ottobre 2005

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Descrizione dell’articolo da parte del venditore

Paperback. 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. Draws on the authors practical experience and her research to provide a broad perspective on the challenge of state and local pensions. Alicia H. Munnell 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. This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.…

Codice articolo 9780815734147

Titolo
State and Local Pensions (Paperback)
Autore
Alicia H. Munnell
Editore
Bloomsbury Publishing Plc, Washington DC
Anno di pubblicazione
2012
Condizione
new
Rilegatura
Paperback
Lingua
inglese
ISBN 10
081573414X
ISBN 13
9780815734147

Grand Eagle Retail

Bensenville, IL, U.S.A.

Venditore con 5 stelle

Venditore AbeBooks dal 12 ottobre 2005

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ArticoloDa 6 a 14 giorni lavorativiDa 6 a 16 giorni lavorativi
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