000			06152cam a22004334i 4500
005			20221101222704.0
008			090821s2009 enka b 001 0 eng d
010			_a 2009016666
011			_aBIB MATCHES WORLDCAT
020			_a0199573344
020			_a9780199573349
035			_a(ATU)b1159052x
035			_a(OCoLC)318409806
040			_aDLC _beng _erda _cDLC _dBTCTA _dYDXCP _dBWKUK _dBWK _dBWX _dATU
043			_an-us---
050	0	0	_aJF1671 _b.F88 2009
082	0	0	_a331.2529135173 _222
245	0	4	_aThe future of public employee retirement systems / _cedited by Olivia S. Mitchell and Gary Anderson.
264		1	_aOxford ; _aNew York : _bOxford University Press, _c2009.
300			_axxii, 342 pages : _billustrations ; _c24 cm
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
504			_aIncludes bibliographical references and index.
505	0	0	_g1. _tThe Future of Public Employee Retirement Systems / _rOlivia S. Mitchell -- _gPart I. _tCosts and Benefits of Public Employee Retirement Systems -- _g2. _tEstimating State and Local Government Pension and Retiree Health Care Liabilities / _rStephen T. McElhaney -- _g3. _tThe Case for Marking Public Plan Liabilities to Market / _rJeremy Gold and Gordon Latter -- _g4. _tBetween Scylla and Charybdis: Improving the Cost Effectiveness of Public Pension Retirement Plans / _rM. Barton Waring -- _g5. _tPublic Pensions and State and Local Budgets: Can Contribution Rate Cyclicality Be Better Managed? / _rParry Young -- _g6. _tBenefit Cost Comparisons Between State and Local Governments and Private Industry Employers / _rKen McDonnell -- _g7. _tAdministrative Costs of State Defined Benefit and Defined Contribution Systems / _rEdwin C. Hustead -- _g8. _tThinking About Funding Federal Retirement Plans / _rToni Hustead -- _gPart II. _tImplementing Public Retirement System Reform -- _g9. _tReforming the German Civil Servant Pension Plan / _rRaimond Maurer, Olivia S. Mitchell, and Ralph Rogalla -- _g10. _tThe Outlook for Canada's Public Sector Employee Pensions / _rSilvana Pozzebon -- _g11. _tUnifying Pension Schemes in Japan: Toward a Single Scheme for Both Civil Servants and Private Employees / _rJunichi Sakamoto -- _g12. _tRedefining Traditional Plans: Variations and Developments in Public Employee Retirement Plan Design / _rKeith Brainard -- _g13. _tDefined Contribution Pension Plans in the Public Sector: A Benchmark Analysis / _rRoderick B. Crane, Michael Heller, and Paul J. Yakoboski -- _gPart III. _tThe Political Economy of Public Pensions -- _g14. _tThe Evolution of Public Sector Pension Plans in the United States / _rRobert L. Clark, Lee A. Craig, and Neveen Ahmed -- _g15. _tPension Fund Activism: The Double-Edged Sword / _rBrad M. Barber -- _g16. _tThe New Intersection on the Road to Retirement: Public Pensions, Economics, Perceptions, Politics, and Interest Groups / _rBeth Almeida, Kelly Kenneally, and David Madland.
520			_a"People covered by public pensions are often the subject of 'pension envy:' that is, their benefits might seem more generous and their contributions lower than those offered by the private sector. Yet this book points out that such judgments are often inaccurate, since civil servants hold jobs with few counterparts in private industry, such as firefighters, police, judges, and teachers. Often these are riskier, dirtier, and demand more loyalty and discretion than would be required of a more mobile labor force in the private sector. The debate challenges traditional ideas about how the public employee labor contract is structured and raises questions about how such employees are attracted to the public sector, retained and motivated on the job, and retired, via an entire compensation package of wages and benefits. Authors explore aspects of these schemes, addressing the cost and valuation debate, along with the political economy of how public pension asset pools are perceived and managed, an increasingly important topic in times of global financial turmoil. The discussion also explores ways that public pensions can be strengthened in the US, Japan, Canada, and Germany. The volume captures a vigorous debate currently underway by academics, financial experts, regulators, and plan sponsors, all seeking to define a new future for public retirement systems. It will be of substantial interest to a wide range of readers, since public sector employees and their representatives will naturally find the comparisons and arguments over valuation of keen interest. Public pension administrators and policymakers seeking an explanation of what makes these plans so costly will gain a new understanding of how the arguments stack up. Private sector employers and plan sponsors can learn much from efforts to reform these retirement systems in states and countries around the world. Finally, investors and the taxpaying public more generally may be at risk to cover these long-term promises, so it behoves them to pay close attention to the financing and investment practices of these plans, along with their valuation. This volume represents an invaluable addition to the Pension Research Council / Oxford University Press series as it includes actuarial, economic, and financial perspectives making it useful for academics, retirement plan administrators, and public employees wishing to understand the challenges facing public pensions."--Publisher's website.
588			_aMachine converted from AACR2 source record.
650		0	_aCivil service _xPensions. _9315477
650		0	_aCivil service _xRetirement _9339745
650		0	_aState governments _xOfficials and employees _xPensions _zUnited States.
650		0	_aLocal officials and employees _xPensions _zUnited States.
651		0	_aUnited States _xOfficials and employees _xPensions _9339732
700	1		_aMitchell, Olivia S., _eeditor. _91075592
700	1		_aAnderson, Gary J., _eeditor. _91075593
907			_a.b1159052x _b11-07-17 _c27-10-15
942			_cB
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