Pensions in the Public Sector

Pensions in the Public Sector

Author: Olivia S. Mitchell

Publisher: University of Pennsylvania Press

Published: 2001

Total Pages: 692

ISBN-13: 9780812235784

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From the Pension Research Council of the Wharton School, this book explores the diversity of governmental pension plans and investigates how these financial institutions must change in years to come.


Book Synopsis Pensions in the Public Sector by : Olivia S. Mitchell

Download or read book Pensions in the Public Sector written by Olivia S. Mitchell and published by University of Pennsylvania Press. This book was released on 2001 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Pension Research Council of the Wharton School, this book explores the diversity of governmental pension plans and investigates how these financial institutions must change in years to come.


Financing Public Sector Pensions

Financing Public Sector Pensions

Author: Raymond Nottage

Publisher:

Published: 1975

Total Pages: 44

ISBN-13:

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Pamphlet on the financing of public sector pension schemes in the UK - suggests a review to bring out economies in public expenditure. Statistical tables.


Book Synopsis Financing Public Sector Pensions by : Raymond Nottage

Download or read book Financing Public Sector Pensions written by Raymond Nottage and published by . This book was released on 1975 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pamphlet on the financing of public sector pension schemes in the UK - suggests a review to bring out economies in public expenditure. Statistical tables.


State and Local Pension Fund Management

State and Local Pension Fund Management

Author: Jun Peng

Publisher: CRC Press

Published: 2008-08-21

Total Pages: 286

ISBN-13: 0849305519

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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


Book Synopsis State and Local Pension Fund Management by : Jun Peng

Download or read book State and Local Pension Fund Management written by Jun Peng and published by CRC Press. This book was released on 2008-08-21 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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


Funding in Public Sector Pension Plans

Funding in Public Sector Pension Plans

Author:

Publisher:

Published: 2011

Total Pages:

ISBN-13:

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Book Synopsis Funding in Public Sector Pension Plans by :

Download or read book Funding in Public Sector Pension Plans written by and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:


U.S. Public Pension Handbook: A Comprehensive Guide for Trustees and Investment Staff

U.S. Public Pension Handbook: A Comprehensive Guide for Trustees and Investment Staff

Author: Von M. Hughes

Publisher: McGraw Hill Professional

Published: 2019-07-26

Total Pages: 320

ISBN-13: 1260134776

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The first comprehensive guide to mastering the roles and responsibilities of a public pension fiduciary in the U.S. In an ever-changing financial and political landscape, your job as a public pension fiduciary continues to get more difficult. Now, you have the help you need. U.S. Public Pension Handbook is the only one-stop resource that covers the various areas of public pension governance, investment management, infrastructure, accounting, and law. This comprehensive guide presents critical data, information, and insights in topic-specific, easy-to-understand ways—providing the knowledge you need to elevate your expertise and overall contribution to your pension plan or system. U.S. Public Pension Handbook covers: •Today’s domestic and global public pension marketplace•The ins and outs of the defined benefit model, the defined contribution, and hybrid pension designs•Financial concepts central to the actuarial valuation of pension benefits•Public pension investment policies and philosophies•Asset allocations and how they have changed over time•State and local government pension contribution policies•The impact of governance structure and board composition on organizational results•Fiduciary responsibility and the general legal/regulatory framework governing trustees•How changes in trust law may affect public pension trustee fiduciary responsibility and liability•Best practices in pension governance and organizational design Public pension trustees are the unsung heroes of the world of finance, collectively managing over $6 trillion in retirement assets in this country alone. U.S. Public Pension Handbook provides the grounding you need to make sure you perform your all-important with the utmost expertise and professionalism.


Book Synopsis U.S. Public Pension Handbook: A Comprehensive Guide for Trustees and Investment Staff by : Von M. Hughes

Download or read book U.S. Public Pension Handbook: A Comprehensive Guide for Trustees and Investment Staff written by Von M. Hughes and published by McGraw Hill Professional. This book was released on 2019-07-26 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first comprehensive guide to mastering the roles and responsibilities of a public pension fiduciary in the U.S. In an ever-changing financial and political landscape, your job as a public pension fiduciary continues to get more difficult. Now, you have the help you need. U.S. Public Pension Handbook is the only one-stop resource that covers the various areas of public pension governance, investment management, infrastructure, accounting, and law. This comprehensive guide presents critical data, information, and insights in topic-specific, easy-to-understand ways—providing the knowledge you need to elevate your expertise and overall contribution to your pension plan or system. U.S. Public Pension Handbook covers: •Today’s domestic and global public pension marketplace•The ins and outs of the defined benefit model, the defined contribution, and hybrid pension designs•Financial concepts central to the actuarial valuation of pension benefits•Public pension investment policies and philosophies•Asset allocations and how they have changed over time•State and local government pension contribution policies•The impact of governance structure and board composition on organizational results•Fiduciary responsibility and the general legal/regulatory framework governing trustees•How changes in trust law may affect public pension trustee fiduciary responsibility and liability•Best practices in pension governance and organizational design Public pension trustees are the unsung heroes of the world of finance, collectively managing over $6 trillion in retirement assets in this country alone. U.S. Public Pension Handbook provides the grounding you need to make sure you perform your all-important with the utmost expertise and professionalism.


The Political Economy of Public Pensions

The Political Economy of Public Pensions

Author: Eileen Norcross

Publisher: Cambridge University Press

Published: 2021-09-02

Total Pages: 128

ISBN-13: 1009027026

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Public pensions in the United States face an impending funding crisis in the wake of the financial crisis and the COVID-19 recession. Many cities and states will struggle to meet these growing obligations without major cuts in government services, reneging on pension promises, or raising taxes. This Element examines the development of the pension crisis through the lens of political economy. We analyze the knowledge and incentive problems inherent in the institutional structure, governance, and accounting of public pensions. We conclude by offering several institutional, governance, and reporting reforms to address the pension funding crisis.


Book Synopsis The Political Economy of Public Pensions by : Eileen Norcross

Download or read book The Political Economy of Public Pensions written by Eileen Norcross and published by Cambridge University Press. This book was released on 2021-09-02 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public pensions in the United States face an impending funding crisis in the wake of the financial crisis and the COVID-19 recession. Many cities and states will struggle to meet these growing obligations without major cuts in government services, reneging on pension promises, or raising taxes. This Element examines the development of the pension crisis through the lens of political economy. We analyze the knowledge and incentive problems inherent in the institutional structure, governance, and accounting of public pensions. We conclude by offering several institutional, governance, and reporting reforms to address the pension funding crisis.


Governance and Investment of Public Pension Assets

Governance and Investment of Public Pension Assets

Author: Sudhir Rajkumar

Publisher: World Bank Publications

Published: 2011

Total Pages: 364

ISBN-13: 0821384708

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And key messages -- Key principles of governance and investment management -- Governance of public pension assets -- Governance structures and accountabilities -- Qualification, selection, and operation of governing bodies -- Operational policies and procedures -- Managing fiscal pressures in defined-benefit schemes -- Policy responses to turbulent financial markets -- Investment of public pension assets -- Defining the investment policy framework for public pension funds -- Managing risk for different cohorts in defined-contribution schemes -- An asset-liability approach to strategic asset allocation for pension funds -- In-house investment versus outsourcing to external investment managers -- International investments and managing the resulting currency risk -- Alternative asset classes and new investment themes.


Book Synopsis Governance and Investment of Public Pension Assets by : Sudhir Rajkumar

Download or read book Governance and Investment of Public Pension Assets written by Sudhir Rajkumar and published by World Bank Publications. This book was released on 2011 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: And key messages -- Key principles of governance and investment management -- Governance of public pension assets -- Governance structures and accountabilities -- Qualification, selection, and operation of governing bodies -- Operational policies and procedures -- Managing fiscal pressures in defined-benefit schemes -- Policy responses to turbulent financial markets -- Investment of public pension assets -- Defining the investment policy framework for public pension funds -- Managing risk for different cohorts in defined-contribution schemes -- An asset-liability approach to strategic asset allocation for pension funds -- In-house investment versus outsourcing to external investment managers -- International investments and managing the resulting currency risk -- Alternative asset classes and new investment themes.


Code of Practice on Public Sector Pensions Finance Knowledge and Skills

Code of Practice on Public Sector Pensions Finance Knowledge and Skills

Author: Sarah Williams

Publisher:

Published: 2011

Total Pages: 18

ISBN-13: 9781845082864

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Book Synopsis Code of Practice on Public Sector Pensions Finance Knowledge and Skills by : Sarah Williams

Download or read book Code of Practice on Public Sector Pensions Finance Knowledge and Skills written by Sarah Williams and published by . This book was released on 2011 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:


State and Local Pensions

State and Local Pensions

Author: Alicia H. Munnell

Publisher: Rowman & Littlefield

Published: 2012-08-27

Total Pages: 266

ISBN-13: 0815724136

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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.


Book Synopsis State and Local Pensions by : Alicia H. Munnell

Download or read book State and Local Pensions written by Alicia H. Munnell and published by Rowman & Littlefield. This book was released on 2012-08-27 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Public Sector Pensions

Public Sector Pensions

Author: Gerald Rhodes

Publisher: Published for the Royal Institute of Public Administration [by the] University of Toronto Press

Published: 1965

Total Pages: 328

ISBN-13:

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Partly historical study of UK pension schemes and old age benefits, particularly those in use in public service. Taxation and financing of schemes. References as footnotes. Statistical tables.


Book Synopsis Public Sector Pensions by : Gerald Rhodes

Download or read book Public Sector Pensions written by Gerald Rhodes and published by Published for the Royal Institute of Public Administration [by the] University of Toronto Press. This book was released on 1965 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Partly historical study of UK pension schemes and old age benefits, particularly those in use in public service. Taxation and financing of schemes. References as footnotes. Statistical tables.