Intense media coverage of the public pension funding crisis
continues to fuel heightened awareness in and debate over public
pension benefits. With over $3 trillion in assets currently under
management, the ramifications of poor oversight are severe. It is
important that practitioners, researchers, and taxpayers be
well-advised regarding any concerns, but until now traditional
references have provided very little coverage.
State and Local Pension Fund Management provides a basic and
systematic discussion of all the major issues facing those
responsible for state and local public retirement programs. The
author begins with a technical overview that examines the history
of the public pension system. He then proceeds to examinations of
pension benefit design, actuarial valuation and funding methods,
financial reporting, and pension asset investment management.
These technical discussions prepare readers for the second
component, which is a focus on policy. The book delves into issues
such as managing public pension programs in the political context
of public budgeting, pension benefit reforms, and the fairness and
sustainability of pension benefits in the public sector. In
addition, the author dedicates a chapter to a detailed discussion
of other postemployment benefits (OPEBs) such as life, disability,
and long-term care insurance, as well as healthcare subsidies. The
book concludes by exploring the dilemma over how to ensure
financial security for public employees in their retirement without
putting additional pressure on state and local government
finance.
By understanding the major issues involved in managing
retirement benefit programs in the public sector, readers will
gainthe knowledge needed to make informed decisions regarding
specific fund management. They will also be better able to
participate in the debate over the larger issues regarding pension
fund policy and reform measures.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!