Public Pension Management: Issues and Trends

Expenditures for human resources typically account for the lion's share of government budgets. Success or failure in pension management has direct bearing on well-being of governments, taxpayers, and public employees and retirees. This article examines the management of public pensions. The art...

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Bibliographic Details
Published in:International journal of public administration 2007-08, Vol.30 (10), p.995-1020
Main Authors: Coggburn, Jerrell D., Reddick, Christopher G.
Format: Article
Language:English
Subjects:
Budgets
Civil Service
Expenditures
Government employees - Benefits
Human Resources
Investment
Management
Pension funds and funding
pension investments
Pension plans
Pensions
Public pension management
Public Sector
Studies
Wages and salaries - Government employees
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Summary:Expenditures for human resources typically account for the lion's share of government budgets. Success or failure in pension management has direct bearing on well-being of governments, taxpayers, and public employees and retirees. This article examines the management of public pensions. The article considers specific managerial issues faced by pension systems. This discussion focuses on both the investment side of pensions and the often-neglected benefits side. The article concludes with a discussion on the importance of public pension management to meeting governmental commitments and to ensuring the overall financial health of jurisdictions.
ISSN:0190-0692
1532-4265
DOI:10.1080/01900690701221340