State and Local Pensions

Alicia H. Munnell

ISBN 10: 0815724128 / ISBN 13: 9780815724124
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Not Signed; 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. Buchnummer des Verkäufers

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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 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.


About the Author:


Alicia H. Munnell is the Peter F. Drucker Professor of Management Sciences, Carroll School of Management, and director of the Center for Retirement Research at Boston College. She has served as assistant secretary of the Treasury for economic policy and as a member of the President's Council of Economic Advisers. She was also cofounder and first president of the National Academy of Social Insurance. Munnell has written several books, including Brookings titles Working Longer: The Solution to the Retirement Income Challenge, with Steven Sass (2008), and Coming Up Short: The Challenge of 401(k) Plans, with Annika Sundén (2004).


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Titel: State and Local Pensions
Einband: Hardback
Zustand: New

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Munnell, Alicia H.
Verlag: Brookings Institution Press (2012)
ISBN 10: 0815724128 ISBN 13: 9780815724124
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Buchbeschreibung Brookings Institution Press, 2012. Buchzustand: Good. 1st Edition. Former Library book. Shows some signs of wear, and may have some markings on the inside. Buchnummer des Verkäufers GRP91168306

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Alicia H. Munnell
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Buchbeschreibung Brookings Institution 2012-11-30, 2012. Hardcover. Buchzustand: Very Good. Unused, slight shelfwear, very small knock to side edges of cover, otherwise like new. Hardcover. Buchnummer des Verkäufers 084906-2

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Buchbeschreibung Brookings Institution, 2012. HRD. Buchzustand: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Buchnummer des Verkäufers CE-9780815724124

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Buchbeschreibung BROOKINGS INSTITUTION, United States, 2012. Hardback. Buchzustand: New. Language: English . Brand New Book. 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. Buchnummer des Verkäufers AAN9780815724124

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ISBN 10: 0815724128 ISBN 13: 9780815724124
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Buchbeschreibung Brookings Institution Press, 2012. Hardback. Buchzustand: NEW. 9780815724124 This listing is a new book, a title currently in-print which we order directly and immediately from the publisher. For all enquiries, please contact Herb Tandree Philosophy Books directly - customer service is our primary goal. Buchnummer des Verkäufers HTANDREE01373531

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Buchbeschreibung BROOKINGS INSTITUTION, United States, 2012. Hardback. Buchzustand: New. Language: English . Brand New Book. 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. Buchnummer des Verkäufers AAN9780815724124

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Buchbeschreibung Brookings Inst Pr, 2012. Hardcover. Buchzustand: Brand New. 1st edition. 254 pages. 9.50x6.50x1.25 inches. In Stock. Buchnummer des Verkäufers __0815724128

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Buchbeschreibung Brookings Institution Press, 2012. Hardcover. Buchzustand: Very Good. Great condition with minimal wear, aging, or shelf wear. Buchnummer des Verkäufers P020815724128

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Buchbeschreibung Brookings Institution Press, 2012. Buchzustand: Good. A+ Customer service! Satisfaction Guaranteed! Book is in Used-Good condition. Pages and cover are clean and intact. Used items may not include supplementary materials such as CDs or access codes. May show signs of minor shelf wear and contain limited notes and highlighting. Buchnummer des Verkäufers 0815724128-2-4

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