Hustead, Edwin

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Now showing 1 - 2 of 2
  • Publication
    Thinking About Funding Federal Retirement Plans
    (2008-10-01) Hustead, Toni
    Most U.S. Federal retirement plans are now fully funded, but since plan assets must legally be invested in Federal securities, fund surpluses are used to reduce overall Federal budget deficits. As a result, current taxpayers are not charged with the cost of future Federal retirement obligations. Nevertheless, Federal rules do require the employing Federal agency to budget for current personnel’s accruing liability of retirement promises. Therefore policy decisions regarding the number of Federal civilian and military personnel and the design of their retirement benefits may be made with a better understanding of the costs.
  • Publication
    Administrative Costs of State Defined Benefit and Defined Contribution Systems
    (2008-10-01) Hustead, Edwin
    This chapter compares the administrative costs of public sector defined benefit and defined contribution systems offered by the Federal government and many states. Administrative expenses are presented as percentages of both income and assets, and we discuss how administrative expenses might enter into the decision by a public sector employer as to whether to establish a defined contribution plan.