Tag: defined benefit pension
Mitigating factors make adverse developments bearable. My colleague, JP Aubry, just released an update on the state of public pensions in the wake of falling markets and rising inflation. Despite the recent alarm about the impact of lower asset prices and higher inflation on pension finances, his assessment is relatively sanguine. Admittedly, fiscal year 2022 has been difficult…
About 5 million employees in state and local government are not currently part of the Social Security system. Federal law tries to protect them by requiring that their traditional government pensions provide the same retirement benefits they would receive if they and their employers were instead contributing to Social Security. But the Center for Retirement…
