State and Local Government Pension Plans: Economic Downturn Spurs Efforts to Address Costs and Sustainability

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Our Price: $25.00

By Barbara D. Bovbjerg (au)
Year: 2012
Pages: 54
Binding Paperback
ISBN 978-1-4578-2947-5

Product Code: 1457829479

Description

Over 27 million employees and beneficiaries are covered by state and local government pension plans. However, the recent economic downturn and associated budget challenges confronting state and local governments pose some questions as to the sustainability of these plans, and what changes, if any, state and local governments are making to strengthen the financial condition of their pension plans. This report examined (1) recent trends in the financial condition of state and local government pension plans; and (2) strategies state and local governments are using to manage pension costs and the impacts of these strategies on plans, sponsors, employees, and retirees. Tables and figures. This is a print on demand report.

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