State and Local Public Employee Retirement Plans in the United States
Author: Utah Public Employees Retirement Committee
Publisher:
Published: 1959
Total Pages: 4
ISBN-13:
DOWNLOAD EBOOKRead and Download eBook Full
Author: Utah Public Employees Retirement Committee
Publisher:
Published: 1959
Total Pages: 4
ISBN-13:
DOWNLOAD EBOOKAuthor: Robert Louis Clark
Publisher: University of Pennsylvania Press
Published: 2003-05-12
Total Pages: 280
ISBN-13: 9780812237146
DOWNLOAD EBOOKFrom 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.
Author: Robert L. Clark
Publisher: Edward Elgar Publishing
Published: 2011-01-01
Total Pages: 241
ISBN-13: 0857930591
DOWNLOAD EBOOKState and Local Retirement Plans in the United States explains how economic and political events have shaped the development of pension plans in the last century, and it argues that changes in the structure and generosity of these plans will continue to shape policy and funding in the future. It also brings to bear a new rationale to the policies behind public sector pension plans. The authors use the history of how early public pension plans were established, how they matured and how they have grown in generosity to analyze what changes may be expected in years to come. Unique in its scope, this comprehensive history of the development of public sector pension plans in the United States during the twentieth century expands upon current ideas relating to the changing economic environment, the passage and evolution of social security, and the expansion of the public sector. With the exception of military pension plans, which date from the eighteenth century, the first public sector plans, dating from the late nineteenth century, were established to cover teachers, police officers and fire fighters in large cities. Over time, these retirement plans were extended to other public sector workers and the local plans were often merged with plans for state workers; all of these date from the twentieth century. Here, the authors show just how pension coverage for public sector workers expanded steadily, through the first half of the twentieth century, so that by the 1960s the vast majority of public sector workers were covered by a plan. This analysis demonstrates how economic events and shifts in public policy at the federal, state, and local levels helped to shape public sector retirement plans. The authors also compare public plans with private sector plans, and the final chapter focuses on recent changes in public pensions in response to the 'Great Recession', concurrent sharp declines in equity markets and the aging of the public workforce.
Author: Richard J. Reeder
Publisher:
Published: 1980
Total Pages: 108
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. Bureau of the Census
Publisher:
Published: 1953
Total Pages: 12
ISBN-13:
DOWNLOAD EBOOKAuthor: Olivia S. Mitchell
Publisher: University of Pennsylvania Press
Published: 2001
Total Pages: 692
ISBN-13: 9780812235784
DOWNLOAD EBOOKFrom 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.
Author: United States. Congress. Senate. Committee on Finance. Subcommittee on Savings, Pensions, and Investment Policy
Publisher:
Published: 1982
Total Pages: 636
ISBN-13:
DOWNLOAD EBOOKAuthor: Olivia S. Mitchell
Publisher:
Published: 1995
Total Pages: 40
ISBN-13:
DOWNLOAD EBOOKThis paper examines the role and function of pension plans covering state and local government employees in the United States. Covering about 16 million employees (including teachers, fire fighters, police, members of the judiciary, and many other state and local employees), these plans manage a substantial stock of financial assets -- close to $1 trillion -- and receive annual contributions from employees and government revenues totaling about $56 billion. Using data gathered from a variety of different sources, some of which have only recently become available, we describe the benefits, financing, and management of these plans, and identify some of the prominent challenges facing these pension plans in the next decade.
Author: United States. General Accounting Office
Publisher:
Published: 1979
Total Pages: 152
ISBN-13:
DOWNLOAD EBOOKAuthor: Government Accountability Office
Publisher: CreateSpace
Published: 2013-08-28
Total Pages: 54
ISBN-13: 9781492228493
DOWNLOAD EBOOKThere are over 3,400 state and local pension systems in the United States, according to the most recent Census Bureau Survey of State and Local Public-Employee Retirement Systems. Most large plans are state plans, and more state and local employees are covered by state-administered plans than by locally-administered plans (about 24 million members and beneficiaries compared with about 3 million). However, there are more local government employees than state government employees (about 14 million compared with about 5 million), and while local governments sometimes participate in plans administered by states, the local governments generally retain responsibility for contributing the employer's share of funding to the plans for their employees. As a result, local governments contribute more to pension plans each state fiscal year, overall, than do state governments.