Are California Teacher Pensions Fair?
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
How is retirement changing, how can workers prepare, and how can policymakers improve retirement security?
In the News
Should Insurers Handle Public-Pension Payouts? (MarketWatch)
They Have a Pension, Long-Term Care Insurance, and Savings. But Is It Enough? (Washington Post)