Public pensions buoy economies of small towns, rural communities
BenefitsPro reports:
“Don’t mess with public pensions. Unless, that is, you want small towns and rural communities to suffer. That could be one way to interpret some of the findings of a report from the National Institute on Retirement Security.
The report reveals that not only do such communities experience an outsized benefit from those pensions, compared to major cities and metropolitan areas, but those same dollars also make up “significant amounts” of the total personal income of the recipients themselves.”
