What Do Americans Think About Pensions For Public Employees?
A research infographic from the National Institute on Retirement Security (NIRS) finds strong support among Americans for retirement benefits provided to state and local government employees. “What Do Americans Think About Pensions For Public Employees? finds 86 percent of Americans say all workers, not just those employed by state and local governments, should have a pension. This support holds strong across political party affiliation, with Democrats in agreement at 89 percent, Independents at 86 percent, and Republicans at 83 percent.
The research indicates that Americans also view pensions as an effective workforce tool for recruiting and retaining public service employees. Eighty-two percent of Americans agree that pensions are a good way to recruit and retain qualified teachers, and 84 percent say that pensions are a good way to attract and keep qualified public safety employees. Additional findings of this nationwide survey are as follows:
82 percent of Americans agree public pension benefit levels are either too low or about right. The average retirement benefit for public workers is about $2,428 a month, though some employees receive more or less depending on their local cost of living.
More than three-fourths of Americans say pensions for teachers make sense because these benefits compensate for educators’ lower pay. Eighty-two percent agree that those who work in public safety have risky jobs, and therefore should have a pension to provide these workers a secure retirement.
More than three-fourths of Americans agree public employees should receive pension benefits because they help finance part of the cost by contributing money out of every paycheck.
Conducted by Greenwald Research, information for this research infographic was collected from online interviews between October 10-25, 2023. A total of 1208 individuals aged 25 and older completed the survey. The final data were weighted by age, gender, and income to reflect the demographics of Americans aged 25 and older.
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.
