Tag: retirement planning
Abstract A widespread perception is that state-local government workers receive high pension benefits which, combined with Social Security, provide more than adequate retirement income. This study uses the Health and Retirement Study (HRS) and actuarial reports to test this hypothesis. The major finding from the HRS analysis is that most households with state-local employment end…
The brief’s key findings are: Overall, 65-year-old couples with a state-local worker do not end up with more wealth at retirement than their private sector counterparts. The results, however, differ by tenure in the state-local sector: The one-third with long tenure have 11 to 18 percent more wealth at age 65. The other two-thirds hav…
