Tag: police
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…
The brief’s key findings are: Pension and retiree health benefits for public safety workers are more expensive than those of other local government workers, largely due to earlier retirement ages. Perhaps surprisingly, though, their retirement benefits make up only a very small share of total local government spending. Some evidence suggests that public safety workers…
