Tag: Social Security coverage
The brief’s key findings are: About 5 million state and local workers are not covered by Social Security on their current job. The law requires that their pension plans provide a benefit equal to what they would have received upon retirement if they were covered by Social Security. While all plans meet the letter of…
The brief’s key findings are: At the outset of the pandemic recession, many feared it would undermine workers’ employer-sponsored retirement plans. State and local employees who are not covered by Social Security would have been particularly vulnerable, as they lack the buffer this program offers. Their employer defined benefit plans would have been hurt by…
