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What ails public pensions?
Actuarial convention has the effect of driving equity allocations of public pension plans upward. It also pushes the risk of pension funding onto future generations of taxpayers. Yet, pension plans in the public sector have much to offer in terms of design features, benefit security, cost effectiveness, and investment performance. Ideally, they will evolve into quasi-autonomous financial institutions. For this to happen, they will have to mark assets and liabilities to market, implement funding and benefit-improvement disciplines, and cease to pursue social, political, and economic development ends. The DB plan is an effective and efficient way to deliver retirement income to public workers. Lawmakers will have to fund them consistently in accordance with sound actuarial practices and carefully manage the process by which they grant benefits in the future. Elected officials will have to respect the prerogative of lawfully appointed fund fiduciaries in managing investments and resist the temptation to have the funds serve two masters..Printed journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| FAJ6306 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Virginia: CFA Institute 2007 |
|---|---|
| Edisi | Vol. 63, No. 6, Nov. - Dec., 2007 |
| Subjek | Valuation Assets Liabilities Defined benefit plans Government employees |
| ISBN/ISSN | 0015198X |
| Klasifikasi | NONE |
| Deskripsi Fisik | 6 p. |
| Info Detail Spesifik | Financial Analysts Journal |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |