Do Public Workers Without Social Security Get Comparable Benefits?

“One-quarter of state and local government employees – approximately 6.5 million workers – are not covered by Social Security on their current job. To remain outside of Social Security, federal law requires that these employees be covered by an employer pension of sufficient generosity. Since many public pensions have grown less generous in recent years and a few plans could exhaust their assets, the question is whether state and local plans currently satisfy the federal standards.” Click here for article that discusses a recent study that attempts to answer that question.

(Source: Trustees of Boston College, Center for Retirement Research)
17-minute read.