Now, just when things seemed to be turning around, millennials are grappling with massive layoffs sparked by the COVID-19 pandemic. Of course, every generation is impacted by these economic crises. But as millennials approach middle age, they are in a financially precarious situation — more economically unstable than older generations.
Statement on Efforts in Alaska to Restore Pension Benefits to Address Grave Workforce Shortage
Alaska’s effort to restore a pension plan for public workers represents meaningful progress in addressing one of the state’s most pressing challenges: attracting and retaining a stable, experienced public workforce. While Governor Dunleavy has vetoed the legislation, the fact that the measure passed both the House and Senate demonstrates a growing recognition that retirement benefits are not just about retirement security — they also are an essential workforce management tool.
