Archive:
Introduction Today, the retirement income system — comprising Social Security and employer-sponsored pension plans — is contracting. To compensate, people need to work longer to ensure an adequate income over many years throughout retirement. A few additional years in the labor force can make a big difference. Working longer directly increases current income; it avoids…
Introduction Plan sponsors in the public sector, like their counterparts in the private sector, have accumulated substantial assets to fund their defined benefit pension promises. A snapshot of funding shows that the ratio of assets to liabilities in the public sector is roughly equivalent to that in the private sector. All is not perfect, however. …
