Description
Book SynopsisUnderfunded pension liabilities are severely threatening many cities, and policymakers are increasingly turning their attention to the legacy issues surrounding the funding of pensions. Public Pensions and City Solvency addresses this complex fiscal issue and presents strategies to achieve financial sustainability.
Trade Review"Cities and states in America are facing fiscal stress in historic proportions. . . . This book will help the public to elect officials who deal with these issues responsibly so that our grandchildren are not burdened with the obligation to pay for the benefits our generation has been so fortunate to have enjoyed." * Richard Ravitch, from the Foreword *
Table of ContentsForeword
—Richard Ravitch
Chapter 1. Why City Pension Problems Have Not Improved, and a Roadmap Forward
—Joshua D. Rauh
Chapter 2. The Law and Politics of Municipal Pensions
—Amy B. Monahan
Chapter 3. Erosion of the Foundation of Municipal Finance
—D. Roderick Kiewiet and Mathew D. McCubbins
Conclusion. A Call for Transparency
—Robert Inman and Susan M. Wachter
Notes
List of Contributors
References
