Tag: COVID
The brief’s key findings are: Before COVID, more people were working longer and claiming Social Security later to improve prospects for a secure retirement. The question is, how has the pandemic affected these patterns? The analysis uses the Current Population Survey to compare job exits and retirements pre- and post-pandemic for workers 55 and over…
Abstract Federal law allows certain state and local government employees to be excluded from Social Security if they are covered by an employer pension of sufficient generosity. As a result, approximately one-quarter of state and local workers are not covered by Social Security on their current job. Before COVID-19, these “FICA replacement plans” all satisfied…
