Tag: public sector
The brief’s key findings are: In projecting pension costs, state and local plans assume their workers will live longer than private sector workers. Is this assumption accurate and, if so, why? The analysis confirms that public sector workers – particularly women – have lower mortality rates than their private sector counterparts. The question is whether…
The brief’s key findings are: In recent years, several states have shifted from defined benefit (DB) to defined contribution (DC) pension plans. Many of the new plans are “hybrids” with a slimmed down DB plan and a minimal DC plan, which shifts substantial risk to employees. A better hybrid design could offer a full DB…
