Be nothing the problems that have motivated pension reform across the globe are real in many developing countries soaring deficits gaps between pension fund obligations and revenues not only threaten economic stability but also crowd out necessary investments in education health and infrastructure too often the benefits of pension. Rethinking pension reform franco modigliani arun muralidhar cambridge university press aug 2 2004 business economics 247 pages 1 review this book is unique as it presents an academic and a practical aspect on managing pension funds to clarify the global debate on social security the authors establish the basic choices in . Rethinking pension reform represents a significant contribution to the continuing debate over public pension reform and it constitutes a fitting legacy for its distinguished co author source journal of pension economics and finance aa. Rethinking pension reform franco modigliani arun muralidhar p cm includes bibliographical references and index isbn 0 521 83411 2 hardback 1 pension trusts 2 social security 3 . Rethinking pension reform this book presents a unique academic and practical perspective on managing pension funds to clarify the global debate on social security the authors establish the basic choices in designing any system to help policy makers develop a system that achieves all their objectives