Tag: pension benefits
The brief’s key findings are: About one quarter of state and local workers are not currently covered by Social Security. Federal standards require that state and local plans provide their noncovered workers benefits equivalent to Social Security at the full retirement age. This study explores whether the plans satisfy the federal standards, and whether t…
The brief’s key findings are: In theory, workers would increase their supplemental saving in response to lower pension income, but do they in practice? The answer matters for state and local workers, as pension income varies, some plans are poorly funded, and not all workers have Social Security. The results show that workers with less…
