State & Local Government Pension Plans
Regulation & Risk
Seiten
2012
Nova Science Publishers Inc (Verlag)
978-1-61470-121-7 (ISBN)
Nova Science Publishers Inc (Verlag)
978-1-61470-121-7 (ISBN)
Controversy has arisen over the funded status of many state and local government pension plans. This book provides an overview of how public pension plans are regulated at the federal and state level and discusses selected legal issues that may arise in attempting to remedy or prevent public pension plan underfunding.
Controversy has arisen over the funded status of many state and local government pension plans. It has been reported that several of these plans have not fully funded their future obligations and they could face substantial future shortfalls. While there is considerable debate over the extent and the possible causes of these shortfalls, some estimates have placed the combined unfunded liabilities anywhere from hundreds of billions of dollars to over $3 trillion. Governments facing investment losses combined with lower revenues are looking at ways to address these shortfalls and protect their fiscal stability. This book provides an overview of how public pension plans are regulated at the federal and state level and discusses selected legal issues that may arise in attempting to remedy or prevent public pension plan underfunding.
Controversy has arisen over the funded status of many state and local government pension plans. It has been reported that several of these plans have not fully funded their future obligations and they could face substantial future shortfalls. While there is considerable debate over the extent and the possible causes of these shortfalls, some estimates have placed the combined unfunded liabilities anywhere from hundreds of billions of dollars to over $3 trillion. Governments facing investment losses combined with lower revenues are looking at ways to address these shortfalls and protect their fiscal stability. This book provides an overview of how public pension plans are regulated at the federal and state level and discusses selected legal issues that may arise in attempting to remedy or prevent public pension plan underfunding.
Preface; State & Local Pension Plans & Fiscal Distress: A Legal Overview; Governance Practices & Long-Term Investment Strategies Have Evolved Gradually as Plans Take on Increased Investment Risk; Summary of the Employee Retirement Income Security Act (ERISA); Index.
| Verlagsort | New York |
|---|---|
| Sprache | englisch |
| Maße | 230 x 155 mm |
| Gewicht | 424 g |
| Themenwelt | Recht / Steuern ► Arbeits- / Sozialrecht ► Arbeitsrecht |
| Recht / Steuern ► EU / Internationales Recht | |
| Sozialwissenschaften ► Politik / Verwaltung ► Staat / Verwaltung | |
| Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
| ISBN-10 | 1-61470-121-0 / 1614701210 |
| ISBN-13 | 978-1-61470-121-7 / 9781614701217 |
| Zustand | Neuware |
| Informationen gemäß Produktsicherheitsverordnung (GPSR) | |
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