Archive: State & Local Pensions
Actually, sustainability could likely be achieved by stabilizing pension debt. The Center’s most recent issue brief makes a strong case for shifting the focus of fiscal sustainability for state and local pension plans from full funding to stabilizing their pension debt as a share of the economy. While full funding is tidy in the sens…
The real answer is that all state and local workers should be covered by Social Security. A new report from the Congressional Research Service appears to have rekindled the controversy surrounding the Windfall Elimination Provision (WEP). This provision reduces Social Security benefits for workers receiving significant government pensions from jobs not covered by Social Security.&nbs…
