State and local pensions : what now? / Alicia H. Munnell.

Format:

Book

Author/Creator:

Munnell, Alicia Haydock.

Language:

English

Subjects (All):

Local officials and employees--Pensions--Law and legislation--United States.

Local officials and employees.

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

State governments--Officials and employees--Pensions--Law and legislation--United States.

State governments.

State governments--Officials and employees--Pensions--United States.

Physical Description:

1 online resource (266 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : Brookings Institution Press, c2012.

Language Note:

English

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 bankruptcy, with pensions cited as a major cause. Alicia H. Munnell draws on both her practical experience and her research to provide abroad perspective on the challenge of state a...

Contents:

Front Cover; Inside Flap; Title Page; Copyright Information; Table of Contents; Acknowledgments; Introduction; State and Local Pensions: From the 1970's 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; References; Index; Back Cover

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

0-8157-4519-2

1-283-57925-1

9786613891709

0-8157-2413-6

OCLC:

830170539