Americans’ Views of State & Local Employee Retirement Plans
A new national survey finds that more than three-fourths of Americans agree that all workers, not just those working for state and local government, should have a pension. And even though the nation is deeply divided on many other issues, support for pensions is consistent across party lines. Eighty percent of Democrats, 75 percent of Republicans and 78 percent of Independents agree that all workers should have access to a pension.
Conducted by Greenwald Research, Americans’ Views of State and Local Employee Retirement Plans, presents public views on retirement benefits.
This research finds that:
More than three-fourths of Americans say all workers, not just state and local employees, should have access to a pension. Some 77 percent say all workers, not just state and local workers, should have a pension. This holds true across party lines. Eighty percent of Democrats, 75 percent of Republicans and 78 percent of Independents agree that all workers should have a pension.
The vast majority of respondents agree that providing pensions to state and local employees is a good way to recruit and retain these employees. Some 75 percent of Americans agree that pensions are a good way to recruit and retain qualified teachers. With regard to public safety employees, 76 percent agree that pensions are an important recruitment and retention tool of these workers.
Most Americans agree that public employees should receive pensions because workers contribute to the cost and these benefits help compensate for lower pay and risks of some jobs. Nearly three-fourths (72 percent) agree that state and local employees should receive pensions because they help finance part of the cost by contributing money from each paycheck. Sixty-nine percent say public school teachers deserve a pension to compensate for their lower pay. Similarly, Americans say high risk jobs are another reason that public employees should receive a pension, with 76 percent in agreement.
Florida’s Property Tax Initiative and the Unexpected Connection to Retirement Security
Property-tax relief could help homeowners facing rising costs—but what could it mean for the services they rely on and the retirement benefits of the public employees who provide them?
Recorded before a live audience at the Florida Public Pension Trustees Association conference, this Special Edition of Retirement in America examines Florida’s proposed property-tax changes, known as Amendment 3. The conversation looks beyond next year’s tax bill to consider how reduced revenues could affect staffing, emergency response, infrastructure, local control and public pension funding over time.
Watch this Special Edition Episode, Florida’s Property Tax Initiative and the Unexpected Connection to Retirement Security, below.
Workforce Turnover and Retention in the Public Sector: Insights from Public Pension Plans
This report examines how retention changes over public employees’ careers and varies across public workforces and retirement systems. The analysis draws on actuarial turnover assumptions and other information collected from 136 state-administered public pension plans representing 203 plan-employee groups and 12.8 million active members.
