skip to content
State and local pensions : what now? Preview this item
ClosePreview this item
Checking...

State and local pensions : what now?

Author: Alicia Haydock Munnell
Publisher: Washington, D.C. : Brookings Institution Press, ©2012.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
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  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Document Type: Book
All Authors / Contributors: Alicia Haydock Munnell
ISBN: 9780815724124 0815724128
OCLC Number: 794708167
Description: viii, 254 pages : illustrations ; 24 cm
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.
Responsibility: Alicia H. Munnell.

Abstract:

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. In this book, the author draws on both her practical  Read more...

Reviews

Editorial reviews

Publisher Synopsis

"State and local pensions are much in the news, but the current discussion largely ignores why some plans are in financial trouble while others are not. Drawing on extensive research, Munnell Read more...

 
User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/794708167> # State and local pensions : what now?
    a schema:CreativeWork, schema:Book ;
   library:oclcnum "794708167" ;
   library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/1169836695#Place/washington_d_c> ; # Washington, D.C.
   library:placeOfPublication <http://id.loc.gov/vocabulary/countries/dcu> ;
   schema:about <http://experiment.worldcat.org/entity/work/data/1169836695#Topic/local_officials_and_employees_pensions_law_and_legislation_united_states> ; # Local officials and employees--Pensions--Law and legislation--United States
   schema:about <http://experiment.worldcat.org/entity/work/data/1169836695#Topic/local_officials_and_employees_pensions_united_states> ; # Local officials and employees--Pensions--United States
   schema:about <http://id.worldcat.org/fast/1131846> ; # State governments--Officials and employees--Pensions
   schema:about <http://id.worldcat.org/fast/1204155> ; # United States.
   schema:about <http://experiment.worldcat.org/entity/work/data/1169836695#Place/usa> ; # USA.
   schema:about <http://id.worldcat.org/fast/1001456> ; # Local officials and employees--Pensions--Law and legislation
   schema:about <http://experiment.worldcat.org/entity/work/data/1169836695#Topic/state_governments_officials_and_employees_pensions_law_and_legislation_united_states> ; # State governments--Officials and employees--Pensions--Law and legislation--United States
   schema:about <http://id.worldcat.org/fast/1001453> ; # Local officials and employees--Pensions
   schema:about <http://experiment.worldcat.org/entity/work/data/1169836695#Topic/state_governments_officials_and_employees_pensions_united_states> ; # State governments--Officials and employees--Pensions--United States
   schema:about <http://experiment.worldcat.org/entity/work/data/1169836695#Topic/ruhegehalt> ; # Ruhegehalt
   schema:about <http://dewey.info/class/331.25291352130973/e23/> ;
   schema:about <http://id.worldcat.org/fast/1131849> ; # State governments--Officials and employees--Pensions--Law and legislation
   schema:bookFormat bgn:PrintBook ;
   schema:copyrightYear "2012" ;
   schema:creator <http://viaf.org/viaf/270451785> ; # Alicia Haydock Munnell
   schema:datePublished "2012" ;
   schema:description "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. The author draws on both her practical experience and prior 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, the author 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. The 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. The book proposes solutions that preserve the main strengths of state and local pensions while promoting needed reforms."@en ;
   schema:description "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."@en ;
   schema:exampleOfWork <http://worldcat.org/entity/work/id/1169836695> ;
   schema:inLanguage "en" ;
   schema:name "State and local pensions : what now?"@en ;
   schema:productID "794708167" ;
   schema:publication <http://www.worldcat.org/title/-/oclc/794708167#PublicationEvent/washington_d_c_brookings_institution_press_2012> ;
   schema:publisher <http://experiment.worldcat.org/entity/work/data/1169836695#Agent/brookings_institution_press> ; # Brookings Institution Press
   schema:workExample <http://worldcat.org/isbn/9780815724124> ;
   wdrs:describedby <http://www.worldcat.org/title/-/oclc/794708167> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/1169836695#Agent/brookings_institution_press> # Brookings Institution Press
    a bgn:Agent ;
   schema:name "Brookings Institution Press" ;
    .

<http://experiment.worldcat.org/entity/work/data/1169836695#Place/washington_d_c> # Washington, D.C.
    a schema:Place ;
   schema:name "Washington, D.C." ;
    .

<http://experiment.worldcat.org/entity/work/data/1169836695#Topic/local_officials_and_employees_pensions_law_and_legislation_united_states> # Local officials and employees--Pensions--Law and legislation--United States
    a schema:Intangible ;
   schema:hasPart <http://id.loc.gov/authorities/subjects/sh85077939> ;
   schema:name "Local officials and employees--Pensions--Law and legislation--United States"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/1169836695#Topic/local_officials_and_employees_pensions_united_states> # Local officials and employees--Pensions--United States
    a schema:Intangible ;
   schema:hasPart <http://id.loc.gov/authorities/subjects/sh85077938> ;
   schema:name "Local officials and employees--Pensions--United States"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/1169836695#Topic/state_governments_officials_and_employees_pensions_law_and_legislation_united_states> # State governments--Officials and employees--Pensions--Law and legislation--United States
    a schema:Intangible ;
   schema:hasPart <http://id.loc.gov/authorities/subjects/sh85127502> ;
   schema:name "State governments--Officials and employees--Pensions--Law and legislation--United States"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/1169836695#Topic/state_governments_officials_and_employees_pensions_united_states> # State governments--Officials and employees--Pensions--United States
    a schema:Intangible ;
   schema:hasPart <http://id.loc.gov/authorities/subjects/sh85127501> ;
   schema:name "State governments--Officials and employees--Pensions--United States"@en ;
    .

<http://id.worldcat.org/fast/1001453> # Local officials and employees--Pensions
    a schema:Intangible ;
   schema:name "Local officials and employees--Pensions"@en ;
    .

<http://id.worldcat.org/fast/1001456> # Local officials and employees--Pensions--Law and legislation
    a schema:Intangible ;
   schema:name "Local officials and employees--Pensions--Law and legislation"@en ;
    .

<http://id.worldcat.org/fast/1131846> # State governments--Officials and employees--Pensions
    a schema:Intangible ;
   schema:name "State governments--Officials and employees--Pensions"@en ;
    .

<http://id.worldcat.org/fast/1131849> # State governments--Officials and employees--Pensions--Law and legislation
    a schema:Intangible ;
   schema:name "State governments--Officials and employees--Pensions--Law and legislation"@en ;
    .

<http://id.worldcat.org/fast/1204155> # United States.
    a schema:Place ;
   schema:name "United States." ;
    .

<http://viaf.org/viaf/270451785> # Alicia Haydock Munnell
    a schema:Person ;
   schema:familyName "Munnell" ;
   schema:givenName "Alicia Haydock" ;
   schema:name "Alicia Haydock Munnell" ;
    .

<http://worldcat.org/isbn/9780815724124>
    a schema:ProductModel ;
   schema:isbn "0815724128" ;
   schema:isbn "9780815724124" ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.