Pensions In Crisis

Author : Richard A. Marin
Publisher : John Wiley & Sons
Page : 240 pages
File Size : 50,8 Mb
Release : 2013-09-03
Category : Business & Economics
ISBN : 9781118582473

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Global Pension Crisis by Richard A. Marin Pdf

A comprehensive look at the crisis of unfunded pension liabilities and what must be done to avoid the same problem in the future As the generational bubble of the Baby Boomers begins to retire, it is increasingly evident that governments, corporations, and individuals have failed to adequately prepare for the obligations and needs of this giant cohort. Retirees are outliving actuarial life expectancies, pension liabilities are skyrocketing, pension plans are underfunded, and medical costs rise, the United States alone can expect unfunded liabilities to exceed $4 trillion. Even while the American economy shows signs of sustained recovery, states and local governments will still experience sharp increases in pension fund payments through the next year or longer. Global Pension Crisis looks at this situation and offers practical advice for retirement plan managers and financial advisors, while also explaining how to strengthen pensions and prevent similar crises in the future. Offers a clear and comprehensive explanation of the current pension crisis for retirement fund managers, financial advisors, and economists Includes prescriptive guidance on how to strengthen the pension fund system and prevent another similar crisis Written by venture capitalist, entrepreneur, and former senior Wall Street executive Rich Marin

Author : Robert J. Lynn
Publisher : Free Press
Page : 208 pages
File Size : 45,6 Mb
Release : 1983
Category : Old age pensions
ISBN : STANFORD:36105037459497

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The Pension Crisis by Robert J. Lynn Pdf

Author : Keith P. Ambachtsheer
Publisher : John Wiley & Sons
Page : 252 pages
File Size : 55,7 Mb
Release : 2011-07-05
Category : Business & Economics
ISBN : 9781118160657

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Pension Revolution by Keith P. Ambachtsheer Pdf

Praise for Pension Revolution "When Keith Ambachtsheer puts his keen mind to work on a problem, watch out! Here he exposes today's fragile arrangements for the most serious social dilemma of our times--financing retirement. Then he provides a compelling and powerful set of solutions. His writings are essential reading for all who care about the future of American living standards." --Peter Bernstein, founder and President, Peter L. Bernstein, Inc., and author of Capital Ideas and Against the Gods "This book describes one of the most ingenious inventions in the history of mankind: pension funds offering credible promises about old-age income. It reads like a thriller: how can well-governed pension funds be created in an imperfect world in which mortals wrestle with foibles and moral shortcomings? One of the world's leading experts on pensions searches for the answer--and finds it." --Lans Bovenberg, Scientific Director, Network for Studies on Pensions, Aging, and Retirement, Tilburg University, The Netherlands "Pension Revolution exposes the inadequacies of current pension systems and persuasively makes the case for the fundamental changes that are needed. It is essential reading for both the pension industry and policymakers." --Elizabeth Bryan, Chair, Investment Committee, Unisuper Management PM Ltd, Australia "Most analyses of complicated issues deal with complexity by simplifying or only looking at one piece-part, and, in doing so, provide limited value. In stark contrast, Keith Ambachtsheer boldly wades into the complexity in Pension Revolution to come up with a valuable integrative solution. He is a most welcome revolutionary!" --Roger Martin, Dean, Joseph L. Rotman School of Management, University of Toronto, Canada "We have known Keith for over ten years, and consistently over that time, he has constructively and comprehensively challenged conventional wisdom. He has done this so effectively that many of his initial thoughts have now become universally accepted norms. Such is his energy however that he continues to push the boundaries of pension and investment thinking." --Peter Moon, Chief Investment Officer, Universities Superannuation Scheme Ltd, UK "Pension Revolution not only explains the shortcomings of the existing pension system and the underlying design features that have resulted in the current pension upheaval. It also offers thoughtful and creative suggestions for prospective pension design. A must-read for anyone interested in the future of retirement finance." --James Poterba, Professor of Economics, Massachusetts Institute of Technology and a member of the TIAA-CREF Board of Trustees

Author : G. Edward Reed,Ian Markham,Karen DeBortoli
Publisher : Unknown
Page : 9 pages
File Size : 49,6 Mb
Release : 2005
Category : Defined benefit pension plans
ISBN : 0887637000

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The Pension Plan Crisis Continues-- and Its Grip is Stronger by G. Edward Reed,Ian Markham,Karen DeBortoli Pdf

Author : Geoffrey N. Calvert
Publisher : Unknown
Page : 184 pages
File Size : 52,9 Mb
Release : 1977
Category : Business & Economics
ISBN : UVA:X002521020

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Pensions and Survival by Geoffrey N. Calvert Pdf

Author : Anthony Vice
Publisher : How To Books Ltd
Page : 164 pages
File Size : 48,5 Mb
Release : 2004
Category : Older people
ISBN : 1857039424

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7 Ways to Beat the Pension Crisis by Anthony Vice Pdf

This up-to-date, relevant guide to dealing with the pension crisis explains new rules to come into force in 2005 and outlines seven effective ways to secure a more prosperous retirement. Advice is aimed at the 40-plus age group - so don't think it's ever too late to take steps that will really make a difference. The book explains how to; build up tax-free ISAs then switch them under the planned new rules into pension assets, bringing you safe yields of up to 15 percent; go into property, raise money from your home, buy a second home, set up a holiday let and become a landlord; build an investment portfolio, balancing cash, fixed interest and shares to spread risk and exploit growth prospects; use unit trusts to gain professional skills - and how to keep down the buying costs; arrange stakeholder pensions where each basic plan brings you a government subsidy of #16 a week; and buy into a roll-up fund if you plan to retire abroad or if you expect your tax rate to fall when you stop working.

Author : Hugh Pemberton,Pat Thane,Noel Whiteside
Publisher : British Academy
Page : 284 pages
File Size : 45,9 Mb
Release : 2006-10-19
Category : Business & Economics
ISBN : STANFORD:36105123213162

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Britain's Pensions Crisis by Hugh Pemberton,Pat Thane,Noel Whiteside Pdf

British pensions are in crisis. This volume explores the past, present and future of pensions in Britain. Leading experts discuss both the politics and economics of this key area of social policy, and consider developments in the systems of other European countries and in North America.

Author : Raimond Maurer,Olivia S. Mitchell,Mark J. Warshawsky
Publisher : Oxford University Press
Page : 128 pages
File Size : 52,6 Mb
Release : 2012-09-27
Category : Business & Economics
ISBN : 9780191636301

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Reshaping Retirement Security by Raimond Maurer,Olivia S. Mitchell,Mark J. Warshawsky Pdf

The worldwide financial crisis has wrought deep changes in capital and labor markets, old-age retirement systems, and household retirement and consumption patterns. Confidence has been shaken in both the traditional defined benefit and defined contribution plans. Around the world, plan sponsors, fiduciaries, policymakers, and households have gained a new awareness of retirement risk. When pressed to reform post-crisis, many would recommend enhancing financial advice for plan participants, emphasizing flexibility and the positive effect of working another one or two years to make up for investment losses in the downturn. Adding to this is the continuing need for financial education, essential as the retirement system moves increasingly toward personal account pensions. Perhaps most important of all is the need for greater understanding of risk throughout the retirement security system, along with new approaches to re-engineering retirement pensions. This volume explores the lessons to be learnt for retirement planning and long-term financial security in view of the massive shocks to stock markets, labour markets, and pension plans resulting from the financial crisis. It aims to rethink retirement in the new economic era, including the resilience of defined contribution plans and how defined benefit plans reacted to the financial crisis.

Author : Ronald Ryan
Publisher : Leading Press
Page : 240 pages
File Size : 44,8 Mb
Release : 2013-12-17
Category : Electronic
ISBN : 061528759X

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The U. S. Pension Crisis by Ronald Ryan Pdf

America faces its greatest financial challenge since the Great Depression: The U.S. Pension Crisis! A devastating pension crisis looms as spiking contribution costs and promised benefit payments threaten the solvency of many corporations, cities, and states. This book details how improper accounting rules misled pension managers to follow the wrong objectives, leading to a financial crisis of epic proportions. Award-winning author Ronald J. Ryan details just how the pension crisis developed and what pension decision makers need to do now to solve this dilemma. He offers a compelling strategy to reduce pension costs and reach a fully funded status.

Author : George A. (Sandy) Mackenzie
Publisher : CFA Institute Research Foundation
Page : 68 pages
File Size : 42,9 Mb
Release : 2020-07-03
Category : Business & Economics
ISBN : 9781952927010

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Is There a Retirement Crisis? An Exploration of the Current Debate by George A. (Sandy) Mackenzie Pdf

Many quantitative empirical studies of retirement preparedness find that a substantial number of US households face a potential financial crisis at some point in the future. This monograph provides a critical survey of the most important and best-known of these studies, and it also examines the prospects for other countries. Studies of retirement preparedness vary in complexity and sophistication, and as a result, researchers offer a wide range of forecasts, with some warning of a severe crisis and others being more skeptical about the likely scale of the problem. This monograph appraises the quality of surveyed studies by determining how well each deals with key conceptual issues and how adequately each addresses principal risks. Going beyond the circumstances in the United States, the monograph also provides international perspective by comparing the “macro” and institutional aspects of pension and health systems in a group of eight industrialized countries, including the United States.

Author : Jim Leech
Publisher : Signal
Page : 194 pages
File Size : 50,6 Mb
Release : 2015-08-25
Category : Business & Economics
ISBN : 9780771047350

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The Third Rail by Jim Leech Pdf

"Essential reading for decision-makers.... When Leech talks, politicians listen. When he writes a book, it's worth buying."--Toronto Star Over the next 20 years more than 7 million Canadian workers will retire. Baby boomers, the 45- to 65-year-olds who account for 42% of the country's workforce, will join the largest job exodus in Canadian history, moving to the promised land of retirement. Unless our crumbling pension system is reformed, many of these retirees will find this dreamland a bewildering and disappointing mirage. In the early 1980s, consumers were setting aside 20% of their disposable incomes to their retirement plans; today the savings rate is a threadbare 2.5%. Retirement savings plans meant to build Canadians' personal war chests for their final years have failed to live up to their cheery promises of early retirement "freedom"--market returns are low, and financial fees are climbing. Moreover, retirement plans are now being compromised by high pension obligations and a shrinking workforce. Canada has the capacity to diffuse this ticking pension time bomb with some hard choices, posits Leech. It's time for businesses, governments, unions, and employees to face these options and fix--and ultimately save--our pensions system.

Author : Ronald J. Ryan
Publisher : Leading Press
Page : 240 pages
File Size : 43,9 Mb
Release : 2013-12-17
Category : Electronic
ISBN : 0615287581

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The U. S. Pension Crisis by Ronald J. Ryan Pdf

America faces its greatest financial challenge since the Great Depression: The U.S. Pension Crisis! A devastating pension crisis looms as spiking contribution costs and promised benefit payments threaten the solvency of many corporations, cities, and states. This book details how improper accounting rules misled pension managers to follow the wrong objectives, leading to a financial crisis of epic proportions. Award-winning author Ronald J. Ryan details just how the pension crisis developed and what pension decision makers need to do now to solve this dilemma. He offers a compelling strategy to reduce pension costs and reach a fully funded status.

Author : Brian Wood,Claire Brinn
Publisher : Pearson Education
Page : 212 pages
File Size : 48,5 Mb
Release : 2009
Category : Business & Economics
ISBN : 0273722050

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Beat the Pensions Crisis by Brian Wood,Claire Brinn Pdf

How many years will you have to work so that you build a decent pension? How much do you need to live comfortably in your retirement? There's a crisis in pensions which affects the majority of people in the UK. The crisis is all about the gap between the money that you need to live in retirement and the money that you'll actually get. And it's a crisis that is changing the way that we all think about our retirement, when we can stop working and how we'll manage to get by on state, occupational and personal pensions. This book cuts through the complexity surrounding pensions and explains how the crisis affects you - irrespective of your age. It describes the practical steps that you can take to ensure that you're better off in retirement, whenever that may be. Beat the Pensions Crisis is about handing back control of your pension to the only person who can really do anything to improve it. That's you. Visit the website at www.thepensionscrisis.com What is the pensions crisis and how does it affect you? Put simply it's the gap between the amount of money that you need in retirement, compared with the amount of money that you're likely to receive from your pensions. At first glance, this gap can look large and it's tempting to think that the situation is hopeless. But it's not! Beat the Pensions Crisis shows you that you have a lot more control over your pension than you may have thought, and by taking the right action, at the right time, you can do a lot to increase your income in retirement. Providing for a secure retirement is simple, and step-by-step you'll learn how to: Shatter the myths and delusions about pensions Work out how much of a pension pot you'll need when you retire Understand the difference between different types of pension Turbocharge your pension so that you'll receive more Use the tax reliefs available to enhance your pensions and savings Shop around for the best pension annuity at retirement Understand what you need to do to improve your wealth, decade by decade, from your 20s through your 30s, 40s and 50s to your retirement

Author : Charles D. Ellis,Alicia H. Munnell,Andrew D. Eschtruth
Publisher : Oxford University Press
Page : 168 pages
File Size : 52,5 Mb
Release : 2014-12-01
Category : Business & Economics
ISBN : 9780190218911

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Falling Short by Charles D. Ellis,Alicia H. Munnell,Andrew D. Eschtruth Pdf

The United States faces a serious retirement challenge. Many of today's workers will lack the resources to retire at traditional ages and maintain their standard of living in retirement. Solving the problem is a major challenge in today's environment in which risk and responsibility have shifted from government and employers to individuals. For this reason, Charles D. Ellis, Alicia H. Munnell, and Andrew D. Eschtruth have written this concise guide for anyone concerned about their own - and the nation's - retirement security. Falling Short is grounded in sound research yet written in a highly accessible style. The authors provide a vivid picture of the retirement crisis in America. They offer the necessary context for understanding the nature and size of the retirement income shortfall, which is caused by both increasing income needs-due to longer lifespans and rising health costs-and decreasing support from Social Security and employer-sponsored pension plans. The solutions are to work longer and save more by building on the existing retirement system. To work longer, individuals should plan to stay in the labor force until age 70 if possible. To save more, policymakers should shore up Social Security's long-term finances; make all 401(k) plans fully automatic, with workers allowed to opt out; and ensure that everyone has access to a retirement savings plan. Individuals should also recognize that their house is a source of saving, which they can tap in retirement through downsizing or a reverse mortgage.

Author : Gregorio Impavido,Ian Tower
Publisher : International Monetary Fund
Page : 58 pages
File Size : 49,5 Mb
Release : 2009-07
Category : Business & Economics
ISBN : IND:30000111481895

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How the Financial Crisis Affects Pensions and Insurance and Why the Impacts Matter by Gregorio Impavido,Ian Tower Pdf

We use a calibrated multi-sector DSGE model to analyze the likely impact of oil windfalls on the Ghanaian economy, under alternative fiscal and monetary policy responses. We distinguish between the short-run impact, associated with demand-related pressures, and the medium run impact on competitiveness and growth. The impact on inflation and the real exchange rate could be moderate, especially if the fiscal authorities smooth oil-related spending or increase public spending's import content. However, a policy mix that results in both a fiscal expansion and the simultaneous accumulation of the foreign currency proceeds from oil as international reserves to offset the real appreciation would raise demand pressures and crowd-out the private sector. In the medium term, the negative impact on competitiveness resulting from "Dutch Disease" effects could be small, provided public spending increases the stock of productive public capital. These findings highlight the role of different policy responses, and their interaction, for the macroeconomic impact of oil proceeds.