Pensions in the Public Sector

Pensions in the Public Sector

Author: Wharton School. Pension Research Council

Publisher: University of Pennsylvania Press

ISBN: 0812235789

Category: Business & Economics

Page: 692

View: 583

Get eBOOK →
From the Pension Research Council of the Wharton School, this book explores the diversity of governmental pension plans and investigates how these financial institutions must change in years to come.

Public Sector Pensions

Public Sector Pensions

Author: Gerald Rhodes

Publisher: Published for the Royal Institute of Public Administration [by the] University of Toronto Press

ISBN: UCAL:$B674419

Category: Business & Economics

Page: 328

View: 781

Get eBOOK →
This is the first book to offer a fundamental analysis of public sector schemes. It takes a new look at a whole trange of problems affecting the retirement benefits of most of the population and ends with some very challenging, positive proposals.

Pension Ponzi

Pension Ponzi

Author: Bill Tufts

Publisher: John Wiley & Sons

ISBN: 9781118098738

Category: Business & Economics

Page: 218

View: 725

Get eBOOK →
The vast majority of Canadians are blissfully unaware that every man, woman and child in Canada now owes a $35,000 share of government debt and must pay this back, with interest! Make no mistake, this debt will change our country and affect every single Canadian in the decades to come. You may think you have planned for your retirement and are safe, but the government must find a way to recover this borrowed money, and they can only do that by raising your taxes and reducing your hard-earned benefits. How did this debt come about, and why can't we simply pay it off? Pension Ponzi lays the blame squarely at the feet of the politicians who refused to stand up to Canada's public sector unions. The fact is Canada's public sector, which accounts for 20% of the workforce, has been grossly overpaid relative to their counterparts in the private sector with cushy pensions paid for with your taxes and new debt. There is no denying that the country does not have the financial resources to ensure that the next generation of Canadians will have the same standard of living as the ones before it-or to support our growing seniors population. Meeting our public sector pension obligations will break the current social safety net that is a pillar of the Canadian way. Can you escape this bleak future? Can you afford to live longer? Nationally-recognized pension expert Bill Tufts and award-winning journalist Lee Fairbanks explore how this catastrophe came about and then suggest ways that government can fix what's broken, and how you as an individual can protect yourself from the financial calamity that is about to engulf Canada.

A History of Public Sector Pensions in the United States

A History of Public Sector Pensions in the United States

Author: Robert L. Clark

Publisher: University of Pennsylvania Press

ISBN: 0812237145

Category: Business & Economics

Page: 280

View: 251

Get eBOOK →
From the Wharton School, offering a comprehensive assessment of the political and financial dimensions of public-sector pensions from the colonial period until the emergence of modern retirement plans in the twentieth century.

The Future of Public Employee Retirement Systems

The Future of Public Employee Retirement Systems

Author: Olivia S. Mitchell

Publisher: Oxford University Press

ISBN: 9780199573349

Category: Business & Economics

Page: 365

View: 171

Get eBOOK →
Public pensions are often the subject of 'pension envy', as their benefits might seem more generous and contributions lower than those in the private sector. This book shows that such judgments are often inaccurate, and reflects a vigorous debate amongst academics and professionals as they seek to define a new future for public retirement systems.

Public and Private Social Policy

Public and Private Social Policy

Author: Daniel Béland

Publisher: Palgrave MacMillan

ISBN: UOM:39015079157049

Category: Business & Economics

Page: 328

View: 733

Get eBOOK →
Exploring the increasing involvement of the private sector in social policy, this study examines the complex relationship between the public and private sectors from an international perspective, focusing on health and pension policies.

Sir Humphrey's Legacy

Sir Humphrey's Legacy

Author: Neil Record

Publisher: Institute of Economic Affairs

ISBN: UCSC:32106018418423

Category: Civil service

Page: 129

View: 528

Get eBOOK →
Estimates that public sector pension liabilities are about GBP1trillion - but the government publishes estimates of the liabilities of only half this level. The author states that if costs are made transparent, we can start to change the nature of public sector schemes, to the benefit of workers and taxpayers alike.

The Impact of the 2007-08 Changes to Public Service Pensions

The Impact of the 2007-08 Changes to Public Service Pensions

Author: Great Britain: Parliament: House of Commons: Committee of Public Accounts

Publisher: The Stationery Office

ISBN: 0215559762

Category:

Page: 44

View: 350

Get eBOOK →
In 2007-08, new pension schemes were introduced for civil servants, NHS staff and teachers, designed to make public service pensions affordable. The changes are likely to reduce costs to taxpayers of the pension schemes by £67 billion over 50 years, with costs stabilising at around 1% of Gross Domestic Product (GDP) or 2% of public expenditure. The Committee is concerned that the Treasury did not test the potential impact of changes in some of the key assumptions underpinning the long-term cost projections. In addition, the Treasury has not tested whether reducing the value of pensions would affect the public sector's ability to recruit and retain high quality staff. Three-fifths of the savings to the taxpayer were expected to come from the cost sharing and capping mechanism - a transfer, from employers to employees, of extra costs that arise if pensioners live longer than previously expected. Employees would potentially pay 70% more for their pensions over the next 50 years if life expectancy continues to increase more than expected. Implementation remains on hold while the Government decides how to respond to the Independent Public Service Pensions Commission (the Hutton Commission). Public service employees do not have a clear understanding of the value of their pensions because they are not provided with clear and intelligible information to enable them to make rational decisions. Further changes to public service pensions are expected as Hutton's recommendations are implemented, but this should bring a period of stability and certainty for long-term public service pensions policy.