Traditional pension plans are pretty rare. But here’s who still has ...
Sep 7, 2023 · But over the past several decades, employers have either closed or frozen their pensions and turned instead to retirement savings vehicles like the 401 (k), which put much more of the onus on...
FACT SHEET: President - The White House
Dec 8, 2022 · Today, joined by Teamster President Sean O’Brien, AFL-CIO President Liz Shuler, Secretary of Labor Marty Walsh, and Teamster workers and retirees with multiemployer pensions, President Biden...
State lawmakers look to improve pensions to attract public sector ...
Mar 4, 2024 · In 2022, legislators and the governor agreed to allow state workers hired under Tier 5 and Tier 6 to be vested into their pensions after working in their jobs for five years instead of waiting a decade, adding a benefit for tens of thousands of workers. The law also waived overtime costs for Tier 6 workers for two years.
5 things to know about Social Security reforms considered in …
Sep 28, 2024 · The aim behind WEP is to prevent such people from collecting both their pensions and relatively higher Social Security payouts. The GPO also leads to reductions in benefits for the spouses that...
Pension Reform News: Report finds $1.59 trillion in public pension …
Oct 18, 2024 · Leveraging data from 191 state and local public pension systems in the United States, the report shows total public pension debt rose to $1.59 trillion at the end of 2023, most of which (88% of the debt) was held by state governments.
Rethinking pension reform: A new CEPR eBook | CEPR
Nov 14, 2024 · Recent years have seen a surge in empirical research on retirement behavior and the impact of pension reforms. This column presents a new eBook that reviews insights from the newest advances in research on retirement policy and provides fresh perspectives on how to (re)think pension reforms.
Pension Reform - NASRA
NASRA updates six key briefs annually on public pension management. The latest focuses on employee contributions to public pensions. Unlike private sector pensions, state and local government employees contribute to their retirement benefits, a …
Michigan legislature pushes to undo pension reform
Dec 18, 2024 · The bill would roll back a landmark 2017 pension reform of the Michigan Public School Employees’ Retirement System, which established risk-balanced options (a hybrid pension plan or a defined contribution plan) for new hires.
Pension reform consulting from Reason Foundation
We’ll review all available pension reform options and work with you to find the approach that’s most viable. We never push a single, cookie-cutter approach to public pension reform.
These States Lead the Way on Pension Reform - WSJ
After 20 years of inadequate funding policies, failure to meet overly optimistic investment return targets, and other factors, state and local government pension systems are now $1.5 trillion...