Public pensions and city solvency / edited by Susan M. Wachter.

Format:

Book

Contributor:

Wachter, Susan M., editor.

Series:

City in the twenty-first century book series

City in the twenty-first century

Language:

English

Subjects (All):

Municipal officials and employees--Pensions--United States.

Municipal officials and employees.

Municipal government--Officials and employees--Pensions--United States.

Municipal government.

Municipal government--Officials and employees.

Pensions.

Municipal officials and employees--Pensions.

United States.

Municipal finance--United States.

Municipal finance.

Physical Description:

viii, 105 pages : illustrations ; 23 cm.

Place of Publication:

Philadelphia : University of Pennsylvania Press, [2016]

Summary:

"Underfunded pension liabilities threaten the fiscal stability of many cities. While Detroit's bankruptcy has dominated the headlines, the problem is widespread. With ongoing battles in many localities, policymakers are increasingly turning their attention to the legacy issues surrounding the funding of pensions. Public Pensions and City Solvency addresses this complex fiscal challenge and presents strategies to achieve financial sustainability."--Publisher's website.

Contents:

Preface / Susan M. Wachter

Foreword / Richard Ravitch

Why city pension problems have not improved, and a roadmap forward / Joshua D. Rauh

The law and politics of municipal pensions / Amy B. Monahan

Erosion of the foundation of municipal finance / D. Roderick Kiewiet and Mathew D. McCubbins

Conclusion: a call for transparency / Robert Inman and Susan M. Wachter.

Notes:

Includes bibliographical references (pages 101-105).

ISBN:

9780812248265

0812248260

OCLC:

919858409