Tag: baby boomers
State and local government workers have long felt their pensions were more secure than the vanishing pension coverage in the private sector. But a spate of changes to cost-of-living protections should give them pause. In the wake of the Great Recession, 17 states reduced, suspended, or eliminated cost-of-living increases (COLAs) in their defined benefit pensions…
A new study estimating that just 12 percent of low-income older Americans save in a 401(k) or similar employer retirement plan also suggests that many more would save – if only they could. The researchers – April Yanyuan Wu, Matt Rutledge, and Jacob Penglase of the Center for Retirement Research – focused on individuals between…
