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
States and localities should move toward full funding of their retirement systems, strengthen the funding of their plans, consider the short- and long-term costs of benefit
Social Security should cover all workers, including all newly hired state and local government workers.
SSA must remain vigilant as it implements future changes to the determination and appeals process.
Employers should be required to automatically enroll employees in their retirement plan at an adequate minimum contribution rate and appropriate initial investment choice.
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
Americans’ retirement income comes from several sources.
Government workers should continue to have access to defined-benefit (DB) plans.
Modifications to retirement plans or plan formulas should have as a key objective to hold harmless current beneficiaries and employees, as well as to ensure the retirement s