scholarly journals The Evolution of Public Sector Pension Plans in the United States

2009 ◽  
pp. 239-270 ◽  
Author(s):  
Robert L. Clark ◽  
Lee A. Craig ◽  
Neveen Ahmed
Keyword(s):  
United States ◽  
Public Sector ◽  
The United States ◽  
Pension Plans

Pension Enhancements and the Retention of Public Employees

ILR Review ◽  
2016 ◽  
Vol 70 (2) ◽  
pp. 519-551 ◽  
Author(s):  
Cory Koedel ◽  
P. Brett Xiang
Keyword(s):  
United States ◽  
Public Sector ◽  
Employee Retention ◽  
Cost Effective ◽  
The United States ◽  
Pension Plans ◽  
Public Employees ◽  
Public School Teachers ◽  
School Teachers ◽  
Public Pension Plans

The authors use data from workers in the largest public-sector occupation in the United States—teaching—to examine the effect of pension enhancements on employee retention. Specifically, they study a 1999 enhancement to the benefit formula for public school teachers in St. Louis, Missouri, that resulted in an immediate and dramatic increase in their incentives to remain in covered employment. To identify the effect of the enhancement on teacher retention, the analysis leverages the fact that the strength of the incentive increase varied across the workforce depending on how far teachers were from retirement eligibility when it was enacted. The results indicate that the St. Louis enhancement—which was structurally similar to enhancements that were enacted in other public pension plans across the United States in the late 1990s and early 2000s—was not a cost-effective way to increase employee retention.

Pension and Health Benefits for Public-Sector Workers

2013 ◽  
Author(s):  
Lee A. Craig
Keyword(s):  
United States ◽  
Public Sector ◽  
Private Sector ◽  
Health Benefits ◽  
The United States ◽  
Pension Plans ◽  
Federal State ◽  
Defined Benefit ◽  
State And Local ◽  
Public Sector Workers

In the United States, retirement and health benefits make up a substantial proportion of the total compensation of public-sector workers. This chapter explores the history and the main characteristics of such retirement and health benefits, as they have developed in the United States. As shown, on average, these benefits tend to be more valuable than those provided to private-sector workers. Public-sector workers are more likely than their private-sector counterparts to be covered by a retirement plan and by employer-provided health insurance. Public-sector pension plans are more likely to be defined benefit plans than are private-sector plans. Many public-sector employers have promised their employees more in benefits than they have set aside to pay for those benefits. Estimates suggest that the 2,670 federal, state, and local retirement plans currently in operation are underfunded collectively by as much as $5 trillion, and public-sector health plans are probably underfunded by roughly $1 trillion.

Dimensions of Public Sector Pay Policies in the United States and Sweden

1988 ◽  
Vol 8 (3) ◽  
pp. 61-83 ◽  
Author(s):  
Lois Recascino Wise
Keyword(s):  
United States ◽  
Public Sector ◽  
United States Of America ◽  
Central Government ◽  
The United States ◽  
Three Dimensions ◽  
Social Orientation ◽  
Social Equality ◽  
The Third ◽  
Third Dimension

Three dimensions for analyzing public sector pay administration are used to examine central government pay administration in Sweden and the United States of America. On the first dimension, market posture, both countries are found to fall short of their espoused policy, comparability. Greater consistency is found on the second dimension, social orientation, where both countries have pursued the goal of social equality. The equilization of salary levels across society is far greater in Sweden in keeping with the socialist objectives of wage solidarity. The third dimension, reward structure, shows the greatest distance between the two countries with the struggle to implement performance-contingent pay underway in the U.S. while Swedes continue to rely on longevity for pay increases.

scholarly journals Asia`s Role in Internet Governance

2009 ◽  
Vol 24 (2) ◽  
pp. 137-142
Author(s):  
Park Y. J.
Keyword(s):  
United States ◽  
Public Policy ◽  
Civil Society ◽  
Public Sector ◽  
The United States ◽  
The Internet ◽  
Internet Governance ◽  
The Public ◽  
Policy Negotiation ◽  
Global Public Policy

Most stakeholders from Asia have not actively participated in the global Internet governance debate. This debate has been shaped by the Internet Corporation for Assigned Names and Numbers(ICANN) since 198 and the UN Internet Governance Forum (IGF) since 2006. Neither ICANN nor IGF are well received as global public policy negotiation platforms by stakeholders in Asia, but more and more stakeholders in Europe and the United States take both platforms seriously. Stakeholders in Internet governance come from the private sector and civil society as well as the public sector.

Anglo-Saxon Occupational Pensions in International Perspective

2006 ◽  
Author(s):  
Steven Sass
Keyword(s):  
United States ◽  
The Elderly ◽  
The United States ◽  
Pension Plans ◽  
International Perspective ◽  
The State ◽  
Pension Scheme ◽  
Anglo Saxon ◽  
Occupational Pensions ◽  
Second Tier

Occupational pensions are today a major ‘second tier’ in Anglo-Saxon retirement income systems, providing benefits to a significant portion of the elderly population atop the basic ‘first tier’ benefits provided by the state. In the United States, for example, employer plans provide one-fifth of the income of the elderly — one-quarter if earnings from work are excluded — half the amount provided by public plans. By the end of the 1930s, employer pension plans had become standard in governments and mature big businesses throughout the industrial world. They had become critical tools for strengthening, then severing, relationships with workers. Britain took a different tack to strengthening employer plans. It primarily leveraged the contracting-out provisions in the State Earnings-related Pension Scheme (SERPS), introduced in 1978.

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