Overview

In the wake of the financial crisis and Great Recession, the health of state and local pension plans has emerged as a front burner policy issue. Elected officials, academic experts, and the media alike have pointed to funding shortfalls with alarm, expressing concern that pension promises are unsustainable or will squeeze out other pressing government priorities. A few local governments have even filed for bankruptcy, with pensions cited as a major cause.

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9780815724124

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<p> Praise for Alicia Munnell and Steven Sass, Working Longer [One] of the most valuable financial-planning books that came out in 2008. --Wall Street Journal Munnell and Sass define succinctly the problem faced by baby boomers, and for that matter, by all Americans who aspire to retire now or in the near future. --New York Times --, reviewing a previous edition or volume

Author Information

Alicia H. Munnell is the Peter F. Drucker Professor of Management Sciences, Carroll School of Management, and director of the Center for Retirement Research at Boston College. She has served as assistant secretary of the Treasury for economic policy and as a member of the President's Council of Economic Advisers. She was also cofounder and first president of the National Academy of Social Insurance. Munnell has written several books, including Brookings titles Working Longer: The Solution to the Retirement Income Challenge, with Steven Sass (2008), and Coming Up Short: The Challenge of 401(k) Plans, with Annika Sunden (2004).

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