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A variety of criteria should be used when evaluating proposals to stimulate the economy:
Relief packages for people facing hardships due to economic downturns should be temporary and well-targeted. Preference should be given to measures that also would stimulate economic activity.
Passing responsibilities down to lower levels of government should be undertaken primarily to place services closer to the people being served and to maximize administrative
Public retirement systems should establish a maximum vesting period of five years for DB plans and one year for employers’ matching contributions to defined contribution or hybrid plans.
Modifications to retirement plans or plan formulas should hold harmless current beneficiaries and employees. They should also ensure the retirement security needs of future retirees.
States should establish state-facilitated savings arrangements that will increase employee participation in retirement plans.
Policymakers should encourage measures to increase individuals’ ability to save for retirement.