Tag: working longer
Guidance to help policymakers choose among myriad reform options Someone asked whether I wanted to put together a specific list of changes to the Social Security program with attendant cost estimates. After some thought, I declined. While I care very much about the future of the program, solving Social Security’s financing challenge is conceptually easy…
The brief’s key findings are: The “backloaded” benefit structure of public sector defined benefit plans favors long-tenure workers over short-tenure workers. However, when a defined benefit plan is combined with either Social Security or a defined contribution plan, the degree of backloading is reduced. Not surprisingly, then, the analysis shows that public workers with either Social Security…
