|
Title: |
State & Local Government Pension Plans |
| Sub-title: |
Regulation & Risk |
Search Result:
| Edited by: |
Christian D Macalpine, Manuel R Caasi |
| ISBN10-13: |
1614701210 : 9781614701217 |
| Format: |
Hardback |
| Size: |
155x230mm |
| Pages: |
175 |
| Weight: |
.424 Kg. |
| Published: |
Nova Science Publishers, Inc (US) - February 2012 |
| List Price: |
134.99 Pounds Sterling |
| Availability: |
In Stock
Qty Available: 2 |
| Subjects: |
Central government |
| 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. |
| Table of Contents: |
| 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. |
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