Gateway to Think Tanks
来源类型 | Brief |
规范类型 | 简报 |
Recent Changes in Pension Benefits for State and Local Workers Not Covered by Social Security | |
Erald Kolasi; Chantel Boyens; Jack Smalligan | |
发表日期 | 2019-11-01 |
出版年 | 2019 |
语种 | 英语 |
概述 | State and local governments have adopted many strategies to address underfunding in their pension plans, including reducing benefits for new hires through changes to critical plan rules and provisions. In this brief, we examine the size of these changes for the millions of state and local workers whose jobs are not covered by Social Security. Overall, we find that newly hired workers in 2018 face greater burdens |
摘要 | State and local governments have adopted many strategies to address underfunding in their pension plans, including reducing benefits for new hires through changes to critical plan rules and provisions. In this brief, we examine the size of these changes for the millions of state and local workers whose jobs are not covered by Social Security. Overall, we find that newly hired workers in 2018 face greater burdens in financing their pensions compared to workers hired in 2008. These burdens include higher contribution rates and longer vesting periods, lower multiplier rates, and other changes. State and local workers who are also covered by Social Security faced more significant increases in financing burdens than their non-covered counterparts. |
主题 | Aging ; Income and Wealth ; Taxes and Budget |
URL | https://www.urban.org/research/publication/recent-changes-pension-benefits-state-and-local-workers-not-covered-social-security |
来源智库 | Urban Institute (United States) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/480797 |
推荐引用方式 GB/T 7714 | Erald Kolasi,Chantel Boyens,Jack Smalligan. Recent Changes in Pension Benefits for State and Local Workers Not Covered by Social Security. 2019. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
recent_changes_in_pe(204KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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