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Zusatztext The current economic recession due to the collapse of major financial institutions is having a devastating effect in both the public and private sectors on pension funds. Just one example is the potential havoc to hundreds of thousands of pensions for active and retired auto industry workers with respect to the near bankruptcy of General Motors! Ford! and Chrysler. The newest addition to the outstanding CRC Press series of 147 volumes on Public Administration and Public Policy and as a part of their Comprehensive Public Education publishing program! State and Local Pension Fund Management by Jun Peng (Associate Professor! School of Public Administration and Policy! Eller college of Management! University of Arizona) is a detailed! comprehensive! academically impressive! yet thoroughly accessible introduction to every aspect of pension fund management beginning with an historical overview! then providing chapters on pension benefit design elements! actuarial valuation and financial reporting! pension plan governance standards and oversight policies! management issues for investing pension funds! and pension fund management planning and operational budgets. Of special note are the chapters on post-employment benefits with respect to pension plans (including healthcare for retirees)! and the 'Defined Contribution Pension Plan'. Concluding with addressing such issues as managing the growth of liabilities and assets! as well as changing pension benefit designs! "State and Local Pension Fund Management" is a complete course of study in a single volume! and a critically important addition to corporate! governmental agency! and academic library Economics Studies reference collections in general and Pension Plan Management reading lists in particular.--Library Bookwatch Informationen zum Autor Jun Peng (University of Arizona, Tucson, USA) (Author) Klappentext Public pension funds have gained greater prominence in recent years. Many are severely under-funded and collectively! state and local pension funds are several hundred billion dollars in the red. This volume examines public pension funds from both the technical and policy perspectives. It provides a comprehensive discussion of pension fund management! detailing important technical materials needed to help readers understand the subject. The author analyzes the pension management process in great depth so as to demonstrate the linkage between pension fund management and overall government finance in terms of operating budgets and fiscal planning Zusammenfassung Public pension funds have gained prominence over the years. This book examines public pension funds from both the technical and policy perspectives. It provides a comprehensive discussion of fund management, detailing important technical materials needed to help readers understand the subject. Inhaltsverzeichnis Overview. Pension Benefit Design. Actuarial Valuation and Financial Reporting. Governing Public Pension Plans. Investment Management. Pension Plan Management and the Operating Budget. Defined Contribution Pension Plan. Other Postemployment Benefits (OPEB). Looking Forward....
