For almost five decades, Fundamentals of Private Pensions has been the most authoritative text and reference book on private pensions in the world. The revised and updated Eighth Edition adds to past knowledge while providing exciting new perspectives on the provision of retirement income. This new edition is organized into six main sections dealing with a variety of separable pension issues. Section I provides an introductory discussion on the historical evolution of the pension movement and how pensions fit into the patchwork of the whole retirement income security system in the United States. It includes a discussion about the economics of the tax incentives that have played a role in stimulating pension offerings and in the structure of the benefits provided. Section 2 lays out the regulatory environment in which private pension plans operate. Section 3 investigates the various forms of retirement plans that are available to workers to determine how they are structured in practical terms. Section 4 focuses on the economics of pensions. Several of the chapters in this section update and refine material from the prior. New chapters in this volume describe the conversion of some traditional pensions to new hybrid forms, including cash balance and pension equity plans, and the growing phenomenon of phased retirement and the issues raised for employer-sponsored pensions. Section 5 explores the funding and accounting environments in which private employer-sponsored retirement plans operate. The concluding section investigates the handling of assets in employer-sponsored plans and their valuation as well as the insurance provision behind the benefit promises implied by the plans. This latest edition of Fundamentals of Private Pensions will prove invaluable reading for both academics and professionals working in the area of pensions and pension management.

Fundamentals of Private Pensions

Business & Money

Schieber, Sylvester J.

Brown, Kyle N.

Haley, John J.

McGill, Dan M.

Economics

Oxford University Press

For four decades, Fundamentals of Private Pensions has been regarded as the single most authoritative reference source on private pensions. This seventh edition of the classic text represents a major restructuring of the contents with a wealth of new material and an expanded discussion that provides new economic and policy perspectives on the provision of retirement income. It addresses the economics of tax incentives provided to retirement programs and evaluates the various human resource incentives in defined benefit and defined contribution programs. The discussion and development of retirement income adequacy measures, a feature dating back to the first edition, has been significantly expanded. 
The seventh edition is organized into five main sections. Section 1 lays out the regulatory environment in which private pension plans operate. Section 2 investigates the various forms of retirement plans available. Section 3 focuses on the economics of pensions, including a discussion of the recent economic literature on the operations of employer sponsored retirement plans. Section 4 explores the funding and accounting environment in which private employer-sponsored retirement plans operate. Section 5 examines the handling of assets in employer-sponsored plans and their valuation, as well as insurance provisions behind the benefit promises implied by these plans
As the single most authoritative source on corporate pensions, Fundamentals of Private Pensions is invaluable to managers seeking to develop efficient pension plans, scholars and policymakers concerned with pension design and regulation, and actuaries and tax specialists. Employee benefits and human resource professionals around the world will find this edition an essential reference, and investment experts as well as accountants will gain a clearer understanding of how pensions influence corporate and employee well-being.

Fundamentals of Private Pensions, Seventh Edition (Pension Research Council Publications)

Management & Leadership

University of Pennsylvania Press

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