The Future of Public Employee Retirement Systems

2009-08-13
 |  Business & Economics
The Future of Public Employee Retirement Systems

Author: Olivia S. Mitchell

Publisher: Oxford University Press

ISBN: 9780199573349

Category: Business & Economics

Page: 365

View: 418

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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.

The Oxford Handbook of State and Local Government Finance

2012-03-21
 |  Business & Economics
The Oxford Handbook of State and Local Government Finance

Author: Robert D. Ebel

Publisher: Oxford University Press

ISBN: 9780199938315

Category: Business & Economics

Page: 1056

View: 314

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State and local government fiscal systems have increasingly become vulnerable to economic changes. Over the past three decades, state and local deficits during economic recession have been larger and deeper each time. The impact of the Great Recession and its aftermath of feeble growth and lingering high unemployment has been dramatic both in scope and intensity. Before the crisis, long-term structural deficits were persistent for both individual governments and the entire sector as spending plans and patterns outpaced governments' revenue-generating capacity. The revenue systems of these governments eroded while the workloads and scope on the expenditure side of the state and local system budget continued to grow. This handbook evaluates the persistent problems in the fiscal systems of state and local governments and what can be done to solve them. It contains 35 chapters authored by 60 practitioners and academics who are renowned scholars in state and local finance. Each chapter provides a description of the discipline area, examines major developments in policy, practices and research, and opines on future prospects. The chapters are divided into four sections. Section I is a systematic discussion of the institutional, economic, and political framework that provides a background for understanding the structure and financial performance of the state and local sector. The chapters in Section II provide an overview of the various components of state and local revenue systems and how they reacted to the Great Recession. They analyze the diverse forms of taxes and charges in detail, prescribe remedies and alternatives, and examine the implications for future revenue performance. Chapters in Section III turn to spending, borrowing and financial management in the state and local sector. The focus is on the big six service delivery sectors: education, health care, human services, transportation, pensions, and housing. Section IV is a set of chapters that look ahead and speculate about how the state and local government sector's money-raising, spending, and service delivery structures will adjust to the new circumstances.

Public Employee Retirement Systems

1986
 |  Social Science
Public Employee Retirement Systems

Author: Suzanne Saunders Taylor

Publisher: Cornell University Press

ISBN: 0875461247

Category: Social Science

Page: 204

View: 545

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Public Employee Retirement Systems is a highly informative contribution to the literature on pensions. It will be valued for its abundant statistical data and for its straightforward treatment of a subject that is often burdened with technicalities.