Fundamentals of Private Pensions, Seventh Edition (Pension Research Council Publications)
by: Kyle N. Brown, John J. Haley, Sylvester J. Schieber
Fundamentals of Private Pensions, Seventh Edition (Pension Research Council Publications)
By Kyle N. Brown, John J. Haley, Sylvester J. Schieber

Publisher:   University of Pennsylvania Press
Number Of Pages:   840
Publication Date:   1996-01-01
ISBN-10 / ASIN:   0812233808
ISBN-13 / EAN:   9780812233803

Product Description:
For almost five decades, Fundamentals of Private Pensions has beenthe most authoritative text and reference book on private pensions inthe world. The revised and updated Eighth Edition adds to pastknowledge while providing exciting new perspectives on the provision ofretirement income. This new edition is organized into six main sectionsdealing with a variety of separable pension issues. Section I providesan introductory discussion on the historical evolution of the pensionmovement and how pensions fit into the patchwork of the wholeretirement income security system in the United States. It includes adiscussion about the economics of the tax incentives that have played arole in stimulating pension offerings and in the structure of thebenefits provided. Section 2 lays out the regulatory environment inwhich private pension plans operate. Section 3 investigates the variousforms of retirement plans that are available to workers to determinehow they are structured in practical terms. Section 4 focuses on theeconomics of pensions. Several of the chapters in thissection update and refine material from the prior. New chapters in thisvolume describe the conversion of some traditional pensions to newhybrid forms, including cash balance and pension equity plans, and thegrowing phenomenon of phased retirement and the issues raised foremployer-sponsored pensions. Section 5 explores the funding andaccounting environments in which private employer-sponsored retirementplans operate. The concluding section investigates the handling ofassets in employer-sponsored plans and their valuation as well as theinsurance provision behind the benefit promises implied by the plans.This latest edition of Fundamentals of Private Pensions will proveinvaluable reading for both academics and professionals working in thearea of pensions and pension management.