State & Local Government Pension Plans : Regulation & Risk
Book Details
Format
Hardback or Cased Book
ISBN-10
1614701210
ISBN-13
9781614701217
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Feb 23rd, 2012
Print length
175 Pages
Weight
422 grams
Dimensions
23.50 x 16.20 x 1.60 cms
Product Classification:
Central governmentRegional governmentEmployment contracts
Ksh 24,300.00
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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.
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