Tag: noncovered

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How Will COVID-19 Affect Pensions for Noncovered Workers?

Working Paper by , and

November 10, 2021

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…