Tag: retirement security
The brief’s key findings are: Most state-local pension plans are designed to provide adequate retirement income for full-career workers. However, the vast majority of state-local workers spend only a portion of their career in the public sector. As a result, most households with state-local employment retire with total replacement rates that fall well short of…
The brief’s key findings are: Since the mid-1990s, the average retirement age has risen: from 62 to 64 for men; and from 60 to 62 for women. This trend toward later retirement has been driven by several factors: changing incentives in Social Security and employer pensions; better education and health coupled with less strenuous jobs…
