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.
States and localities should move toward full funding of their retirement systems.
Governments should avoid enacting laws that are inconsistent with U.S. Supreme Court precedent on takings.
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.
The debate over immigration to the U.S.
Government workers should continue to have access to defined benefit (DB) 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.
Social Security should cover all workers, including all newly hired state and local government workers.
Any changes to the determination and appeals process should ensure the following: