Our cross-cutting team of researchers examines the ways the aging of America will trigger changes in how we work, retire, and spend federal resources, from social security reform to retirement savings, working longer, and staying engaged.
Retired California teachers who spend a full career in the classroom receive large pensions, but those with shorter tenures get very little. Barely a third of newly hired public school teachers in California will receive pensions worth more than the value of the required plan contributions deducted from their paychecks. Read More
We rank Pennsylvania’s pension plan for newly hired state employees as the third worst in the nation, because it is inadequately funded, it penalizes work at older ages, and it provides few retirement benefits to short-term employees. Various pension reforms could distribute pension benefits more equitably across the workforce. Read More