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The Future of Public Employee Retirement Systems
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The Future of Public Employee Retirement Systems

Olivia S. Mitchell and Gary Anderson

Abstract

People covered by public pensions are often the subject of ‘pension envy’, that is, their benefits might seem more generous and their contributions lower than those offered by the private sector. Yet this book points out that such judgments are often inaccurate, since civil servants hold jobs with few counterparts in private industry, such as firefighters, police, judges, and teachers. Often these are riskier, dirtier, and demand more loyalty and discretion than would be required of a more mobile labour force in the private sector. The debate challenges traditional ideas about how the public e ... More

Keywords: public pensions, civil servants, public employee, labour contract, compensation package, retirement systems

Bibliographic Information

Print publication date: 2009 Print ISBN-13: 9780199573349
Published to Oxford Scholarship Online: February 2010 DOI:10.1093/acprof:oso/9780199573349.001.0001

Authors

Affiliations are at time of print publication.

Olivia S. Mitchell, editor
International Foundation of Employee Benefit Plans Professor of Insurance and Risk Management, the Executive Director of the Pension Research Council, and the Director of the Boettner Center on Pensions and Retirement Research at the Wharton School, University of Pennsylvania
Author Webpage

Gary Anderson, author
Public pensions consultant and member of the Advisory Board, Pension Research Council, Wharton School, University of Pennsylvania

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Contents

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Part I Costs and Benefits of Public Employee Retirement Systems

Part II Implementing Public Retirement System Reform

Part III The Political Economy of Public Pensions

End Matter