Tag: public pension benefit cuts
The brief’s key findings are: Financially troubled state and local pensions may need to cut benefits for current workers, but such cuts could also induce some workers to leave. To assess this human resource impact, the analysis looks at a 2005 reform in Rhode Island that reduced benefits for some current workers. The results show…
The brief’s key findings are: Research shows that pensions help recruit and retain high-quality workers; thus, cutbacks in public pensions could hurt worker quality. One indicator of quality is the wage that a worker can earn in the private sector. Using this measure, states and localities consistently have a “quality gap” – the workers they los…
