Tag: public sector employee
About 5 million employees in state and local government are not currently part of the Social Security system. Federal law tries to protect them by requiring that their traditional government pensions provide the same retirement benefits they would receive if they and their employers were instead contributing to Social Security. But the Center for Retirement…
The brief’s key findings are: Whether public teachers are over- or under-paid is a source of lively debate. This study sheds new light on the topic by using more accurate estimates of benefit costs. The results show that teachers earn roughly the same as similar private sector workers. However, given cuts to pension benefits for…