1.

Record Nr.

UNINA9910785786003321

Autore

Munnell Alicia Haydock

Titolo

State and local pensions [[electronic resource] ] : what now? / / Alicia H. Munnell

Pubbl/distr/stampa

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

ISBN

1-283-57925-1

9786613891709

0-8157-2413-6

Descrizione fisica

1 online resource (266 p.)

Disciplina

331.25/291352130973

Soggetti

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

Local officials and employees - Pensions - United States

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

State governments - Officials and employees - Pensions - United States

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; 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

Sommario/riassunto

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...