Tag: Social Security
States and localities are paying less for benefits than in the past. In a recent editorial, The Wall Street Journal reports on state and local pension liabilities as a percentage of state GDP and concludes that politicians have made excessive pension promises. In fact, pension costs are going up, but the question is whether t…
They will ensure that uncovered workers have some savings and will teach us much. In a recent blog, my friend Andrew Biggs claims that “Auto-IRAs could hurt low-income workers.” My view is that – given the circumstances – state auto-IRA initiatives are a worthy experiment from which we can learn a lot. The motivation behind…
