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.”
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.
