Pension Wise: Confronting Employer Pension Underfundingand Sparing Taxpayers The Next Bailout (Hoover Institution Press Publica,New

Pension Wise: Confronting Employer Pension Underfundingand Sparing Taxpayers The Next Bailout (Hoover Institution Press Publica,New

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Charles Blahous, one of the nation's foremost retirement security experts, explains the origins and dangers of current underfunding in our singleemployer definedbenefit pension system and outlines the options for solving the problem and preventing the next taxpayerfinanced bailout. He provides a tutorial on the basic workings of pension law, reviews the recent history that led to the worsening condition of the pension insurance system, and suggests a range of reforms to improve the system's operation and to resolve the projected shortfall.

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