Millions of state and local gov’t. employees are p

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State and Local Government Pension Plans: Current Structure and Funded Status: Testimony before the Congressional Joint Economic Committee

Millions of state and local gov’t. employees are p

Our Price: $15.00

By Barbara D. Bovbjerg (au)
Year: 2008
Pages: 24
Binding Paperback

Product Code: 1437907776

Description

Millions of state and local gov’t. employees are promised pension benefits when they retire. There is a fed. interest in ensuring that all Americans have a secure retirement. Recently, new accounting standards have called for the reporting of liabilities for future retiree health benefits. It is unclear what actions state and local governments may take once the extent of these liabilities becomes clear, but such anticipated fiscal and economic challenges have raised questions about the unfunded liabilities for state and local retiree benefits. This is a report on: (1) the current structure of state and local gov’t. pension plans and how pension benefits are protected and managed; and (2) the current funded status of state and local gov’t. pension plans. Charts.

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