The State of Public Pension Reform in Louisiana

Research Report

The State of Public Pension Reform in Louisiana

Abstract

To address chronic underfunding problems, the Louisiana state legislature replaced the traditional pension for state government employees with a cash balance plan, but the courts invalidated the measure. This report assesses how employees would fare under that reform. Results show that a slight majority would do worse in the cash balance plan than the existing plan, but about three-fourths would fare better under an alternative reform that extends Social Security to state employees and provides a smaller cash balance plan.

Cross-Center Initiative

Cross-Center Initiative: 
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