Should We Worry About Public Worker Financial Anxiety?
In a Forbes column, NIRS Executive Director Dan Doonan writes financial stress is particularly high among public service workers, which shouldn’t be surprising given that government wage growth lags behind the private sector.
In fact, a new report from MissionSquare Research Institute found that a whopping 88 percent of public service employees expressed concern about their personal finances and financial decisions.
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.
