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State and Local Pensions: What Now?
Alicia H. Munnell
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| #1265638 in eBooks | 2012-08-27 | 2012-08-27 | File type: PDF||1 of 1 people found the following review helpful.| Objective and Well-Researched|By Dr. Howard A. Frank|This is one of the most important subjects in current public policy debate. Professor Munell's work is thorough and thought-provoking. She is correct in asserting that a handful of very poorly defined benefit plans have given all a bad name. That said, she does see the potential use of hybrid plans that combine defined contr|||"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 cogently explores the diversity of past actions, current circumstan
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.
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You easily download any file type for your gadget.State and Local Pensions: What Now? | Alicia H. Munnell. I have read it a couple of times and even shared with my family members. Really good. Couldnt put it down.
