Public retirement systems should establish a maximum vesting period of five years for DB plans and one year for employers’ matching contr
States and localities should move toward full funding of their retirement systems.
Government workers should continue to have access to defined-benefit plans.
Modifications to retirement plans or plan formulas should hold harmless current beneficiaries and employees.
States should establish state-facilitated savings arrangements that will increase employee participation in retirement savings options.
Policymakers should encourage measures to increase individuals’ ability to save for retirement.
Policymakers should allow employers to provide student loan-repayment aid as a tax-free benefit.
Consumers should have access to a range of safe, reliable, affordable, and customizable emergency and short-term savings options.
Employers should be required to automatically enroll employees in their retirement plans.
The laws governing state and local retirement funds should be amended where necessary to provide surviving and divorced spouses of public retirees with at least the same pro