Tag: DB pension

happy older couple looking onward

Retirement for workers in state, county and municipal government fits a certain picture: a regular monthly pension payment awaits them. But there are important exceptions, which a recent study has filled in. A small minority of public sector workers get some or all of their retirement benefits in the form of a one-time cash payment…

Creative abstract money savings sketch on modern laptop monitor, accumulation and growth of money concept. 3D Rendering

The brief’s key findings are: The analysis looks at the costs of pensions, OPEBs, and debt service for all states and the largest counties and cities. Costs assume a 6-percent discount rate and an adequate amortization schedule, and are compared to own-source revenue. The good news is that the total cost burden appears under control in…