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The brief’s key findings are: Some state and local governments issue Pension Obligation Bonds (POBs) to raise cash to cover their required pension contributions. POBs allow governments to avoid increasing taxes in bad times and could reduce pension costs, but they pose considerable risks. Those who issue POBs are often fiscally stressed and not well-positioned…
The brief’s key findings are: Among workers whose employers offer a pension plan, participation rates are much lower for low earners and have declined over time. The decline is largely due to the rise of 401(k)s. Low earners often cite monetary constraints, though non-monetary reasons are also important. On the non-monetary side auto-enrollment should help,…
