When the Good Pensions Go Away: Why America Needs a New Deal for Pension and Healthcare Reform
by By Mackell, Thomas J.
Category: Political Science , Labor & Industrial Relations

Mackell (Chairman of the Board of Directors of the Federal Reserve Bank of Richmond and President of the Association of Benefit Administrations) warns that the United States is facing a twin crisis in which health care costs are inexorably going up and the old private retirement system of defined benefit plans has been torn asunder, leading many Americans to face financial insecurity and even financial disaster in old age and threatening the entire country's economic and social prosperity. In this book he describes the evolution of this situation and provides recommendations on how to respond. His recommendations are aimed at everyone from individuals, who need to save more, and pension fund managers and politicians. Annotation ©2008 Book News, Inc., Portland, OR (booknews.com)