Pensions Under-Funding

Literature Review on Pensions: Under-Funding

In the Encyclopedia of Public Administration and Public Policy, [1] Paul J.M. Klumpes and Liyan Tang provide the following summary about the topic of Pensions: Under-Funding: This entry outlines the limitations of existing accrual-based accounting rules in the reporting of underfunded public-sector pensions. It introduces the concept of generational accounting as an alternative reporting framework, which is more conceptually consistent with a more comprehensive fair valuation measurement system that is now evolving in private sector pension accounting rules. This entry examines the intergenerational financial dimensions and accounting implications of pension underfunding in the public sector.

Resources

Notes and References

1. Entry about Pensions: Under-Funding in the Encyclopedia of Public Administration and Public Policy (2015, Routledge, Oxford, United Kingdom)

See Also

Further Reading

• Global Encyclopedia of Public Administration, Public Policy, and Governance (2018, Springer International Publishing, Germany)