Tag: pension plans

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Actually, sustainability could likely be achieved by stabilizing pension debt. The Center’s most recent issue brief makes a strong case for shifting the focus of fiscal sustainability for state and local pension plans from full funding to stabilizing their pension debt as a share of the economy.  While full funding is tidy in the sens…

Creative abstract money savings sketch on modern laptop monitor, accumulation and growth of money concept. 3D Rendering

Abstract As state and local policymakers enact benefit cuts to reduce the cost of their pension systems, the life-cycle model suggests that workers will adjust by saving more on their own. But, whether workers actually respond to pension characteristics remains an open question. After all, income received far in the future may not be salient…