Pension Wise : Confronting Employer Pension Underfunding?And Sparing Taxpayers the Next Bailout.

Charles Blahous, one of the nation's foremost retirement security experts, explains the origins and dangers of current underfunding in our single-employer defined-benefit pension system and outlines the options for solving the problem and preventing the next taxpayer-financed bailout. He provid...

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Bibliographic Details
Main Author: Blahous, Charles
Format: eBook
Language:English
Published: Hoover Institution Press, 2010.
Series:Hoover Institution Press publication ; 597.
Subjects:
Online Access:Click for online access
Table of Contents:
  • The nature of single-employer defined-benefit pensions
  • The nation's pension insurance system : the condition of the PBGC
  • The magnitude of pension underfunding nationwide
  • Technical reasons for pension underfunding
  • Pension plan assets
  • Pension plan liabilities
  • Addressing underfunding : statutory contribution requirements
  • Other funding safeguards established by the PPA
  • Premiums
  • Recent developments : legislation and the financial markets' plunge
  • Additional reasons for underfunding : structural issues facing the PBGC
  • Political economy factors
  • Pension funding policy principles : separating measurement accuracy from value judgments
  • Can the hole be filled? : separating fairness from risk issues
  • Going forward : general principles for pension insurance system reform
  • Conclusions and recommendations.