Tag: COVID-19
The brief’s key findings are: At the outset of the pandemic recession, many feared it would undermine workers’ employer-sponsored retirement plans. State and local employees who are not covered by Social Security would have been particularly vulnerable, as they lack the buffer this program offers. Their employer defined benefit plans would have been hurt by…
The pandemic was a crash course in the importance of having some money in the bank for an emergency. When COVID started to spread, jobs vanished, mothers abruptly stopped working to care for children who weren’t in school, and, for the unlucky people who became ill, the medical bills rolled in. Congress took extraordinary measures…
