Public pensions and city solvency
By: edited by Susan M. Wachter
Series: The city in the twenty-first century; City in the twenty-first century book series
Publisher: University of Pennsylvania Press
Published: 2016
Language: eng
Number of pages: 105
ISBN-13: 9780812248265
Subjects: Municipal finance; Municipal officials and employees; Pensions; Municipal government
Description: "Underfunded pension liabilities threaten the fiscal stability of many cities. While Detroit's bankruptcy has dominated the headlines, the problem is widespread. With ongoing battles in many localities, policymakers are increasingly turning their attention to the legacy issues surrounding the funding of pensions. Public Pensions and City Solvency addresses this complex fiscal challenge and presents strategies to achieve financial sustainability."--Publisher's website.
Notes: Includes bibliographical references (pages 101-105).
Table of contents: title: Preface  -- Susan M. Wachter; title: Foreword  -- Richard Ravitch; title: Why city pension problems have not improved, and a roadmap forward  -- Joshua D. Rauh; title: The law and politics of municipal pensions  -- Amy B. Monahan; title: Erosion of the foundation of municipal finance  -- D. Roderick Kiewiet and Mathew D. McCubbins; title: Conclusion: a call for transparency -- Robert Inman and Susan M. Wachter.