1.

Record Nr.

UNINA9910462157503321

Autore

Blahous Charles P. <1963->

Titolo

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

Pubbl/distr/stampa

Stanford, Calif., : Hoover Institution Press, c2011

ISBN

0-8179-1216-9

Edizione

[1st ed.]

Descrizione fisica

1 online resource (105 p.)

Collana

Hoover Institution Press publication ; ; no. 597

Disciplina

331.25/20973

Soggetti

Pensions - United States

Old age pensions - United States

Compensation management - United States

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

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

Sommario/riassunto

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.