Sustainability of state and local government pension plans : trends and strategies / Natt B. Price, editor.

Format:

Book

Contributor:

Price, Natt B.

Series:

Economic Issues, Problems and Perspectives

Economic issues, problems and perspectives series

Language:

English

Subjects (All):

Pensions--United States.

Pensions.

Civil service--United States--Pensions.

Civil service.

United States--Officials and employees, Retired.

United States.

Physical Description:

1 online resource (89 p.)

Place of Publication:

New York : Novinka, [2013]

Language Note:

English

Summary:

Over 27 million employees and beneficiaries are covered by state and local government pension plans. However, the recent economic downturn and associated budget challenges confronting state and local governments pose some questions as to the sustainability of these plans, and what changes, if any, state and local governments are making to strengthen the financial condition of their pension plans. The Government Accountability Office (GAO) was asked to examine recent trends in the financial condition of state and local government pension plans; and strategies state and local governments are usi

Contents:

""SUSTAINABILITY OF STATE AND LOCAL GOVERNMENT PENSION PLANS: TRENDS AND STRATEGIES""; ""SUSTAINABILITY OF STATE AND LOCAL GOVERNMENT PENSION PLANS: TRENDS AND STRATEGIES""; ""LIBRARY OF CONGRESS CATALOGING-IN-PUBLICATION DATA""; ""CONTENTS""; ""PREFACE""; ""Chapter 1: STATE AND LOCAL GOVERNMENT PENSION PLANS: ECONOMIC DOWNTURN SPURS EFFORTS TO ADDRESS COSTS AND SUSTAINABILITY""; ""WHY GAO DID THIS STUDY""; ""WHAT GAO FOUND""; ""ABBREVIATIONS""; ""BACKGROUND""; ""PLANS HAVE SUFFICIENT ASSETS TO PAY NEAR-TERM BENEFITS, BUT GROWING BUDGET PRESSURES WILL CHALLENGE THEIR SUSTAINABILITY""

""STATES AND LOCALITIES HAVE MADE CHANGES TO REDUCE COSTS AND IMPROVE PLAN SUSTAINABILITY""""CONCLUDING OBSERVATIONS""; ""AGENCY COMMENTS""; ""APPENDIX 1. PROFILES OF SELECTED STATE AND LOCAL GOVERNMENT PENSIONS""; ""APPENDIX II: ACTUARIAL METHODS AND ASSUMPTIONS FOR MEASURING FUNDED STATUS FOR PUBLIC SECTOR DEFINED BENEFIT PLANS""; ""Chapter 2: STATE AND LOCAL GOVERNMENTS� FISCAL OUTLOOK""; ""GAO�S STATE AND LOCAL FISCAL SIMULATIONS""; ""SUBSTANTIAL POLICY CHANGES REQUIRED IN THE STATE AND LOCAL GOVERNMENT SECTOR TO MAINTAIN FISCAL BALANCE OVER THE LONG TERM""

""STATE AND LOCAL GOVERNMENTS CONTINUE TO FACE LONG-TERM FISCAL CHALLENGES FROM ESTIMATED GROWTH IN HEALTH-RELATED COSTS""""ASSUMPTIONS USED IN OUR 2012 STATE AND LOCAL MODEL SIMULATIONS""; ""INDEX""

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (ebrary, viewed October 23, 2013).

ISBN:

1-62948-131-9

OCLC:

868963090