New public opinion research finds that Americans remain highly anxious about their retirement prospects (85 percent) and would participate in a new pension system to help rebuild the road to retirement.
NIRS executive director Diane Oakley writes that more than 70 percent of Americans agree that public employees who protect and shape our future should receive a pension. So it is not a surprise that, after the financial crisis, Pennsylvania and nearly every state enacted sustainability changes.
Since 2008, 46 states have passed pension reforms in an effort to
contain costs.
But will these measures truly reduce pension costs for public employers?