Pension wise : confronting employer pension underfunding--and sparing taxpayers the next bailout / Charles P. Blahous.

Format:

Book

Author/Creator:

Blahous, Charles P., 1963-

Series:

Hoover Institution Press publication ; 597.

Hoover Institution Press publication ; no. 597

Language:

English

Subjects (All):

Pensions--United States.

Pensions.

Old age pensions--United States.

Old age pensions.

Compensation management--United States.

Compensation management.

Physical Description:

1 online resource (105 p.)

Edition:

1st ed.

Place of Publication:

Stanford, Calif. : Hoover Institution Press, c2011.

Language Note:

English

Summary:

Charles Blahous, one of the nation's foremost retirement security experts, explains the origins and dangers of current under funding in our single-employer defined-benefit pension system and outlines the options for solving the problem and preventing the next taxpayer-financed bailout. He provides a tutorial on the basic workings of pension law, reviews the recent history that led to the worsening condition of the pension insurance system, and suggests a range of reforms to improve the system's operation and to resolve the projected shortfall.

Contents:

Front Cover; Book Title; Copyright; Contents; List of Figures and Tables; Acknowledgments; Abstract; Introduction; The Nature of Single-Employer Defined-Benefit Pensions; The Nation's Pension Insurance System: The Condition of the PBGC; The Magnitude of Pension Under funding Nationwide; Technical Reasons for Pension Under funding; Pension Plan Assets; Pension Plan Liabilities; Addressing Under funding: Statutory Contribution Requirements; Other Funding Safeguards Established by the PPA; Premiums; Recent Developments: Legislation and the Financial Markets'Plunge

Additional Reasons for Under funding: Structural Issues Facing the PBGC Political Economy Factors; Pension Funding Policy Principles: Separating Measurement Accuracy from Value Judgments; Can the Hole be Filled? Separating Fairness from Risk Issues; Going Forward: General Principles for Pension Insurance System Reform; Conclusions and Recommendations; Notes; Bibliography; About the Author; Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9780817912161

0817912169

OCLC:

865654691