scholarly journals Do State and Local Government Employees Save Outside of Their Defined Benefit Plans When They Need To?

2020 ◽  
Author(s):  
Laura Quinby ◽  
Geoffrey Sanzenbacher
Keyword(s):  
Local Government ◽  
Defined Benefit ◽  
Government Employees ◽  
Defined Benefit Plans ◽  
State And Local Government ◽  
State And Local

A Comprehensive Review of the Evolution of Accounting Standards for State and Local Government Pensions and Other Postemployment Benefits in The United States

2019 ◽  
Vol 46 (1) ◽  
pp. 57-77
Author(s):  
Dale L. Flesher ◽  
Craig Foltin ◽  
Gary John Previts ◽  
Mary S. Stone
Keyword(s):  
United States ◽  
Local Government ◽  
Accounting Standards ◽  
The United States ◽  
Pension Funds ◽  
Defined Benefit ◽  
Defined Contribution ◽  
Defined Contribution Plans ◽  
State And Local Government ◽  
State And Local

ABSTRACT Both the business media and the popular press have emphasized the underfunding problems associated with pension funds that are set aside for state and local government workers, a group that also includes teachers and professors at state-affiliated colleges and universities. The realization that pension funds are typically underfunded stems from the fact that the accounting standards associated with state and local government employee pension funds have led to greater transparency since 2011. This paper examines, explains, and interprets the historical development over the last 70 years of accounting standards for state and local government pension funds in the United States. Changing accounting standards, along with economic and social change, have led to consequences such as employers transforming their pension programs to avoid substantial costs and significant liabilities, for example by changing from defined benefit to defined contribution plans.

scholarly journals Southern Solutions for Wisconsin Woes

2018 ◽  
Author(s):  
Ann C. Hodges
Keyword(s):  
North Carolina ◽  
Local Government ◽  
Collective Bargaining ◽  
Labor Unions ◽  
Labor Relations ◽  
Government Employees ◽  
Southern States ◽  
State And Local Government ◽  
State And Local ◽  
Budget Shortfalls

Since 2011, a number of states have amended their collective bargaining laws covering state and local government employees. Debate rages about whether the goal of the proponents of change was to address budget shortfalls or weaken labor unions. Regardless of motive, legislatures in several states accomplished the goal of severely limiting or eliminating collective bargaining for some or all employees. The question facing unions, employers and employees in those states is �what now?� An answer may lie in looking to southern states like Virginia and North Carolina that have historically prohibited or severely restricted bargaining. This article explores the lessons that that might lie in the labor relations climates there for parties in states facing new and unfamiliar landscapes.The article first discusses labor relations in the southern states, with a primary emphasis on Virginia, and analyzes the factors that contribute to successful union-management relations where they exist. Then, the article considers how these factors might apply in states with newly enacted changes to their collective bargaining laws, focusing specifically on those states that eliminated or virtually eliminated bargaining rights. The article concludes that while labor relations might change in those states, unionization will survive as employees continue to seek a voice in the workplace.

scholarly journals The Demand for State and Local Government Employees.

ILR Review ◽  
1973 ◽  
Vol 26 (4) ◽  
pp. 1171 ◽  
Author(s):  
Robert J. Thornton ◽  
Ronald G. Ehrenberg
Keyword(s):  
Local Government ◽  
Government Employees ◽  
State And Local Government ◽  
State And Local
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