Fundamentals of Private Pensions is, quite simply, the authoritative text for pension plan design and management. Authored originally in 1952 by Dan McGill, Professor of Insurance at the University of Pennsylvania's Wharton School, this book has instructed generations about pensions and other employee benefits. McGill's co-authors for the 8th edition are also leading experts in the pension field, offering some of the clearest thinking and creative ideas in modern pension thought. The revision includes new perspectives on how pensions are used in the human resource management context, evidence of new hybrid plans, and valuable insights on how pensions can be shaped to better secure the retirement income promise. Those seeking an understanding of how pensions shape and in turn are shaped by employees, management, shareholders, and national expectations should consult this classic yet completely updated reference.