Tag: Great Recession
The brief’s key findings are: Since the financial crisis, 74 percent of state plans and 57 percent of large local plans have cut benefits or raised employee contributions to curb rising costs. Plans with a larger pension cost burden and lower initial employee contributions were more likely to enact such changes. And, among plans that…
Abstract Unlike prime-age Americans, who have experienced declines in employment and labor force participation since the onset of the Great Recession, Americans past 60 have seen their employment and labor force participation rates increase. In order to understand the contrasting labor force developments among the old, on the one hand, and the prime-aged, on t…
