Tag: state and local pension
In the wake of the economic crisis, the health of state and local pension plans has emerged as a front burner policy issue. This book tells the big and complicated story of public plans, addresses current “hot button” issues, and highlights future challenges that all plans face. View the book summary. View myths and realities about…
The brief’s key findings are: In responding to pension shortfalls, most states are legally constrained from reducing future benefits for current workers. These constraints make it difficult to adjust to changing conditions and to share the burdens of reform fairly between new and current participants. The legal boundaries for pension benefits are typically defined under a contracts-based…
