Pensions In The Public Sector

Pensions in the Public Sector PDF
Author: Wharton School. Pension Research Council
Publisher: University of Pennsylvania Press
ISBN: 9780812235784
Size: 58.39 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 393
View: 779

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Pensions In The Public Sector

by Wharton School. Pension Research Council, Pensions In The Public Sector Books available in PDF, EPUB, Mobi Format. Download Pensions In The Public Sector books, Some 13 million public-sector workers in the United States--including teachers, police and firefighters, state and municipal employees, judges, and legislators--and another six million federal and military employees participate in government pension plans. These pension systems are extraordinarily diverse in design, investment policy, and governance, and they face substantial challenges as the government-sector workforce ages and governments are asked to take on new and different tasks. Public employee pensions are in deep trouble in many countries, undermining economic policy and threatening retiree well being. What can be done to help these programs perform more efficiently and enhance old-age security? From the Pension Research Council of the Wharton School, this volume takes stock of public pension developments in the US and Canada, highlighting challenges these financial institutions face in coming decades. The first Pension Research Council study of public pensions in a quarter of a century tackles these topics with an impressive team of international actuarial, legal, and economic experts.


A History Of Public Sector Pensions In The United States

A History of Public Sector Pensions in the United States PDF
Author: Robert L. Clark
Publisher: University of Pennsylvania Press
ISBN: 9780812237146
Size: 77.35 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 259
View: 5172

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A History Of Public Sector Pensions In The United States

by Robert L. Clark, A History Of Public Sector Pensions In The United States Books available in PDF, EPUB, Mobi Format. Download A History Of Public Sector Pensions In The United States books, From the Wharton School, offering a comprehensive assessment of the political and financial dimensions of public-sector pensions from the colonial period until the emergence of modern retirement plans in the twentieth century.


Public Sector Pensions

Public Sector Pensions PDF
Author: Gerald Rhodes
Publisher: Published for the Royal Institute of Public Administration [by the] University of Toronto Press
ISBN:
Size: 70.87 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 320
View: 4290

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Public Sector Pensions

by Gerald Rhodes, Public Sector Pensions Books available in PDF, EPUB, Mobi Format. Download Public Sector Pensions books, This is the first book to offer a fundamental analysis of public sector schemes. It takes a new look at a whole trange of problems affecting the retirement benefits of most of the population and ends with some very challenging, positive proposals.


The Role Of The State In Pension Provision Employer Regulator Provider

The Role of the State in Pension Provision  Employer  Regulator  Provider PDF
Author: Gerard Hughes
Publisher: Springer Science & Business Media
ISBN: 1475767897
Size: 55.88 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 161
View: 3492

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The Role Of The State In Pension Provision Employer Regulator Provider

by Gerard Hughes, The Role Of The State In Pension Provision Employer Regulator Provider Books available in PDF, EPUB, Mobi Format. Download The Role Of The State In Pension Provision Employer Regulator Provider books, This book deals with the role of the State in pension provision as an employer, regulator and provider. Part I deals with problems and reforms of public sector pension systems in OECD countries. The countries covered are Denmark, Finland, Germany, The Netherlands, Norway, and the USA. Part II considers the regulation of occupational pension schemes in The Netherlands and the United Kingdom, and whether there is still a role for the State in providing earnings-related pensions in the United Kingdom. Part III presents demographic projections for the next half-century, using Ireland as an example, looks at some of the options which have been used in Finland, and proposed in the United States, to cope with population ageing, and examines issues of intergenerational equity which are posed by these options. All the chapters deal with recent reforms. The chapters are written by acknowledged experts in their field who are independent of both the pensions industry and Government. Hence the chapters provide an informed critical account of current developments in relation to the reform of occupational pension schemes in the public sector and of the debate about the State's role as a regulator of private pension schemes and a provider of pensions based on the social insurance principal. The book is important as a source of information about pension schemes in OECD countries. It shows that there is not a unique model of occupational pension provision for public sector employees and that the pension benefits which are provided in different countries are quite variable. It also shows that public sector occupational pension systems have changed and are in the process of considerable further change in a number of OECD countries.


The Impact Of The 2007 08 Changes To Public Service Pensions

The Impact of the 2007 08 Changes to Public Service Pensions PDF
Author: Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher: The Stationery Office
ISBN: 9780215559760
Size: 55.34 MB
Format: PDF, Kindle
Category :
Languages : en
Pages : 39
View: 4795

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The Impact Of The 2007 08 Changes To Public Service Pensions

by Great Britain: Parliament: House of Commons: Committee of Public Accounts, The Impact Of The 2007 08 Changes To Public Service Pensions Books available in PDF, EPUB, Mobi Format. Download The Impact Of The 2007 08 Changes To Public Service Pensions books, In 2007-08, new pension schemes were introduced for civil servants, NHS staff and teachers, designed to make public service pensions affordable. The changes are likely to reduce costs to taxpayers of the pension schemes by £67 billion over 50 years, with costs stabilising at around 1% of Gross Domestic Product (GDP) or 2% of public expenditure. The Committee is concerned that the Treasury did not test the potential impact of changes in some of the key assumptions underpinning the long-term cost projections. In addition, the Treasury has not tested whether reducing the value of pensions would affect the public sector's ability to recruit and retain high quality staff. Three-fifths of the savings to the taxpayer were expected to come from the cost sharing and capping mechanism - a transfer, from employers to employees, of extra costs that arise if pensioners live longer than previously expected. Employees would potentially pay 70% more for their pensions over the next 50 years if life expectancy continues to increase more than expected. Implementation remains on hold while the Government decides how to respond to the Independent Public Service Pensions Commission (the Hutton Commission). Public service employees do not have a clear understanding of the value of their pensions because they are not provided with clear and intelligible information to enable them to make rational decisions. Further changes to public service pensions are expected as Hutton's recommendations are implemented, but this should bring a period of stability and certainty for long-term public service pensions policy.


Reforming Pensions In Developing And Transition Countries

Reforming Pensions in Developing and Transition Countries PDF
Author: K. Hujo
Publisher: Springer
ISBN: 1137396113
Size: 54.77 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 346
View: 3611

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Reforming Pensions In Developing And Transition Countries

by K. Hujo, Reforming Pensions In Developing And Transition Countries Books available in PDF, EPUB, Mobi Format. Download Reforming Pensions In Developing And Transition Countries books, This book moves beyond technical studies of pension systems by addressing the political economy of pension reform in different contexts. It provides insights into key issues related to pension policy and its developmental implications, drawing on selected country studies in Africa, Asia, Eastern Europe, the Middle East, and Latin America.


The Impact Of The 2007 8 Changes To Public Service Pensions

The impact of the 2007 8 changes to public service pensions PDF
Author: Great Britain: National Audit Office
Publisher: The Stationery Office
ISBN: 9780102965582
Size: 46.72 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 41
View: 7228

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The Impact Of The 2007 8 Changes To Public Service Pensions

by Great Britain: National Audit Office, The Impact Of The 2007 8 Changes To Public Service Pensions Books available in PDF, EPUB, Mobi Format. Download The Impact Of The 2007 8 Changes To Public Service Pensions books, Changes made in 2007-08 to the pension schemes of civil servants, NHS staff and teachers are on course to deliver significant savings and stabilise pension costs around their current levels as a proportion of GDP. Yet the value for money of the changes cannot be demonstrated, because the Treasury and employers did not agree the long term role of pensions in recruitment and retention of staff and the Treasury no longer has a financial objective against which to monitor the impact of the changes.And there is a risk that overall costs to taxpayers will be greater as a proportion of GDP, if growth in GDP is permanently less than expected. The 2007-08 changes affected schemes that account for nearly three-quarters of UK public service pay-as-you-go pension payments. There were immediate increases in employee contributions for NHS staff and teachers, following earlier increases for civil servants. The normal pension age was raised for new staff, from 60 years to 65 years in most cases. In addition, a new cost-sharing and capping measure was introduced to transfer, from employer to employees, the risk of extra costs from changes in factors such as pensioners living longer than previously expected. The NAO estimates that these changes will reduce costs to taxpayers in 2059-60 by 14 per cent compared to forecasts made without the changes. Aggregate savings over all years in the period to 2059-60 are equivalent to £67 billion in 2008-09 prices.


Pension Reform

Pension Reform PDF
Author: Great Britain: Parliament: House of Commons: Work and Pensions Committee
Publisher: The Stationery Office
ISBN: 9780215030061
Size: 64.78 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 134
View: 6078

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Pension Reform

by Great Britain: Parliament: House of Commons: Work and Pensions Committee, Pension Reform Books available in PDF, EPUB, Mobi Format. Download Pension Reform books, The Government proposed a significant reform of the pensions system in the White Paper 'Security in retirement: towards a new pensions system' (ISBN 0101684126). This report sets out the Committee's response to the proposals. It looks at: personal accounts; existing occupational and private pensions; state pension reform; the state second pension; whether the state pension should remain two-tier; means-testing; how much it will cost; increasing the state pension age; working longer; and public engagement with pensions. Their conclusion is that on the whole the Government's measures are the right way forward.


State And Local Retirement Plans In The United States

State and Local Retirement Plans in the United States PDF
Author: Robert L. Clark
Publisher: Edward Elgar Publishing
ISBN: 0857930591
Size: 57.48 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 240
View: 422

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State And Local Retirement Plans In The United States

by Robert L. Clark, State And Local Retirement Plans In The United States Books available in PDF, EPUB, Mobi Format. Download State And Local Retirement Plans In The United States books, State and Local Retirement Plans in the United States explains how economic and political events have shaped the development of pension plans in the last century, and it argues that changes in the structure and generosity of these plans will continue to shape policy and funding in the future. It also brings to bear a new rationale to the policies behind public sector pension plans. The authors use the history of how early public pension plans were established, how they matured and how they have grown in generosity to analyze what changes may be expected in years to come. Unique in its scope, this comprehensive history of the development of public sector pension plans in the United States during the twentieth century expands upon current ideas relating to the changing economic environment, the passage and evolution of social security, and the expansion of the public sector. With the exception of military pension plans, which date from the eighteenth century, the first public sector plans, dating from the late nineteenth century, were established to cover teachers, police officers and fire fighters in large cities. Over time, these retirement plans were extended to other public sector workers and the local plans were often merged with plans for state workers; all of these date from the twentieth century. Here, the authors show just how pension coverage for public sector workers expanded steadily, through the first half of the twentieth century, so that by the 1960s the vast majority of public sector workers were covered by a plan. This analysis demonstrates how economic events and shifts in public policy at the federal, state, and local levels helped to shape public sector retirement plans. The authors also compare public plans with private sector plans, and the final chapter focuses on recent changes in public pensions in response to the 'Great Recession', concurrent sharp declines in equity markets and the aging of the public workforce.


The Politics Of Pension Reform

The Politics of Pension Reform PDF
Author: Giuliano Bonoli
Publisher: Cambridge University Press
ISBN: 9780521776066
Size: 13.45 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 188
View: 5763

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The Politics Of Pension Reform

by Giuliano Bonoli, The Politics Of Pension Reform Books available in PDF, EPUB, Mobi Format. Download The Politics Of Pension Reform books, A comparative study of European countries' efforts to reform pension systems in the context of ageing populations.