Portable Pension Plans for Casual Labor Markets - Lessons from the Operating Engineers Central Pension Fund

Designing pension plans to cover workers and provide the necessary retirement funds for them is one of the critical issues of the turn of the century. Written by four experts in the field of pension funds, this work examines the possibilities for pension reform based on a detailed understanding of a successful system, the union pension fund of the Operating Engineers. This type of plan is managed by workers and management trustees, covering workers that do not have secure and predictable jobs. The authors demonstrate just how this pension fund can provide a useful blueprint for executives, pension fund managers, industrial relations professionals, and public policy decision makers.

List of contents

The Evolving Challenge
A Century of Union Pension Funds
Building the Central Pension Fund
Collective Bargaining for Pension Contributions
Planning for the Golden Years: What Does the CPF Deliver?
How to Deliver the Promised Benefits: The CPF's Investment Policy
Administering the Central Pension Fund
Pensions for the New U.S. Labor Market: Lessons from the CPF
Appendix
Selected Bibliography
Index

About the author

Teresa Ghilarducci, Garth Mangum, Jeff Peterson, Peter Philips

Product details

• Authors: Teresa Ghilarducci, Ghilarducci Teresa, Garth Mangum, Garth L. Mangum, Peterson Jeff, Peter Philips, Philips Peter
• Publisher: Bloomsbury
• Languages: English
• Product format: Hardback
• Released: 20.11.1995
• EAN: 9780899309958
• ISBN: 978-0-89930-995-8
• Subjects: Natural sciences, medicine, IT, technology > Technology > General, dictionaries; Pensions, Business & Economics / Investments & Securities / General, Current Events and Issues: Business