Planning for retirement is important for employees and their employers. In the public sector, pension reform is arguably one of the most significant fiscal challenges facing many states and municipalities today.
Although some plans are well-funded, in other places, if changes are not made, retirees, workers, and taxpayers will be left with rising costs and unpaid promises for years to come. Pew works to help states and cities design and adopt retirement systems that are equitable, affordable, and fiscally sustainable—while at the same time preserving governments’ ability to recruit and retain a talented workforce.
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