The Future of Public Employee Retirement Systems

摘要

As state and local governments grapple with pension and retiree health care liabilities, this compilation of articles by academics, actuaries, pension consultants, and research institute associates will be a helpful resource. Public pension funds, predominantly defined benefit plans,face the double whammy of low interest rates and recent poor stock market returns. Facile comparisons of public and private employee compensation have riled up politicians in search of budget savings. This readable book could not be better timed to assist legislators, labor union leaders, and taxpayers in understanding public pensions.