How Prepared Are State and Local Workers for Retirement?
October 19, 2011
The brief’s key findings are:
- Most state-local pension plans are designed to provide adequate retirement income for full-career workers.
- However, the vast majority of state-local workers spend only a portion of their career in the public sector.
- As a result, most households with state-local employment retire with total replacement rates that fall well short of the 80-percent target.
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Citation
Munnell, Alicia H., Jean-Pierre Aubry, Josh Hurwitz, and Laura D. Quinby. 2011. "How Prepared Are State and Local Workers for Retirement?" Issue in Brief 22. Chestnut Hill, MA: Center for Retirement Research at Boston College.
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