State and Local Pensions : What Now? /

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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 unsust...

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Bibliographic Details
Main Author: Munnell, Alicia Haydock
Format: Electronic eBook
Language:Inglés
Published: Washington, D.C. : Brookings Institution Press, [2012]
Series:Book collections on Project MUSE.
Subjects:
State governments > Officials and employees > Pensions > Law and legislation.
State governments > Officials and employees > Pensions.
Local officials and employees > Pensions > Law and legislation.
Local officials and employees > Pensions.
BUSINESS & ECONOMICS > Public Finance.
BUSINESS & ECONOMICS > Personal Finance > Retirement Planning.
State governments > Officials and employees > Pensions > United States.
State governments > Officials and employees > Pensions > Law and legislation > United States.
Local officials and employees > Pensions > United States.
Local officials and employees > Pensions > Law and legislation > United States.
United States.
Electronic books.
Online Access:Texto completo
Table of Contents:
  • Introduction
  • State and local pensions : from the 1970s to today
  • The discount rate and other accounting and funding issues
  • Why are some plans in trouble and others not?
  • Are public plans budget busters?
  • Are public employees overpaid or underpaid?
  • Do defined contribution plans have a role in the public sector?
  • Making state and local pensions better.

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