tailieunhanh - State and Local Pension Fund Management

At the peak of the stock market boom in the late 1990s, state and local public pension systems experienced an unprecedented growth in their asset value. As a result, pension benefits for public employees were increased in many states and at the same time government employers reduced their contribution to the pension systems. The stock market downturn between 2000 and 2002, however, brought this almost perfect combination to a halt. All of a sudden, most public pension systems were facing large deficits and the annual pension contribution also skyrocketed for many state and local governments. This all happened at a time when these governments also faced one of. | Public Administration and Public Policy 147 Pension Fund Management Jun Peng Taylor Francis Croup State and Local Pension Fund Management PUBLIC ADMINISTRATION AND PUBLIC POLICY A Comprehensive Publication Program EDITOR-IN-CHIEF EVAN M. BERMAN Huey McElveen Distinguished Professor Louisiana State University Public Administration Institute Baton Rouge Louisiana Founding Editor JACK RABIN Professor of Public Administration and Public Policy The Pennsylvania State University Harrisburg School of Public Affairs Middletown Pennsylvania 1. Public Administration as a Developing Discipline Robert T. Golembiewski 2. Comparative National Policies on Health Care Milton I. Roemer . 3. Exclusionary Injustice The Problem of Illegally Obtained Evidence Steven R. Schlesinger 5. Organization Development in Public Administration edited by Robert T. Golembiewski and William B. Eddy 7. Approaches to Planned Change Robert T. Golembiewski 8. Program Evaluation at HEW edited by James G. Abert 9. The States and the Metropolis Patricia S. Florestano and Vincent L. Marando 11. Changing Bureaucracies Understanding the Organization before Selecting the Approach William A. Medina 12. Handbook on Public Budgeting and Financial Management edited by Jack Rabin and Thomas D. Lynch 15. Handbook on Public Personnel Administration and Labor Relations edited by Jack Rabin Thomas Vocino W. Bartley Hildreth and Gerald J. Miller 19. Handbook of Organization Management edited by William B. Eddy 22. Politics and Administration Woodrow Wilson and American Public Administration edited by Jack Rabin and James S. Bowman 23. Making and Managing Policy Formulation Analysis Evaluation edited by G. Ronald Gilbert 25. Decision Making in the Public Sector edited by Lloyd G. Nigro 26. Managing Administration edited by Jack Rabin Samuel Humes and Brian S. Morgan 27. Public Personnel Update edited by Michael Cohen and Robert T. .