G2TT
来源类型Research Report
规范类型报告
Evaluating Connecticut's Pension Benefits during the Pandemic
Richard W. Johnson
发表日期2020-05-07
出版年2020
语种英语
概述The coronavirus pandemic threatens the financial stability of Connecticut’s pension plan for state employees, one of the nation’s worst-funded retirement plans. This strain could lead to benefit cuts, but recent plan changes have already reduced future pensions and raised mandatory employee contributions. Many state employees hired today will receive only half as much from the retirement system as they would
摘要

The coronavirus pandemic threatens the financial stability of Connecticut’s pension plan for state employees, one of the nation’s worst-funded retirement plans. This strain could lead to benefit cuts, but recent plan changes have already reduced future pensions and raised mandatory employee contributions. Many state employees hired today will receive only half as much from the retirement system as they would have collected under the plan rules in effect 25 years ago. Two-thirds of new hires do not work long enough to benefit from the state retirement plan. Alternative plan designs could increase retirement incomes for many of Connecticut’s public servants.

主题Wages and nonwage compensation ; State and local issues ; Retirement/pensions ; Retirement
URLhttps://www.urban.org/research/publication/evaluating-connecticuts-pension-benefits-during-pandemic
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/480995
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Richard W. Johnson. Evaluating Connecticut's Pension Benefits during the Pandemic. 2020.
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