Challenges in Pension Governance: A Case Study of the New Hampshire Retirement System,Used

Challenges in Pension Governance: A Case Study of the New Hampshire Retirement System,Used

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As the scope of the current financial crisis dwarfs the recession of 1991, public retirement systems face momentous pressures. In a number of cases, the roots of these funding problems can be traced to actions taken during the recession 18 years earlier. This study of the New Hampshire Retirement System chronicles a series of events in 199192 which led to a $2.4 billion unfunded liability by 2007. The study depicts trustees, legislators and stakeholders in crisis. Transcripts and interviews give readers an inside view of a struggle to adhere to fiduciary duty in the face of relentless political pressure. Events in New Hampshire during the recession of 1991 were not unique; researchers found that a number of states sought to balance budgets by reducing pension contributions during that period. This study sets New Hampshire?s experience in the context of those findings as it portrays a system of pension governance under stress. Now, the impending retirement of the Baby Boomers coincides with a global financial crisis. This examination of the past may serve to inform the present, as public pension systems face the challenges ahead.

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To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.

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We provide a 2-year limited warranty, from the date of purchase for all our products.

If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.

This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).

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