State and local pension reform since the financial crisis

Aubry, Jean-Pierre, and Caroline V. Crawford. “State and local pension reform since the financial crisis”. State and Local Pension Plans 54, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, January 2017. http://hdl.handle.net/2345/bc-ir:107285.
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Abstract

The brief's key findings are: (1) Since the financial crisis, 74 percent of state plans and 57 percent of large local plans have cut benefits or raised employee contributions to curb rising costs. (2) Plans with a larger pension cost burden and lower initial employee contributions were more likely to enact such changes. (3) And, among plans that made changes, those in states with the strongest legal protections for current workers were more likely to limit the cuts to new hires.

Title
State and local pension reform since the financial crisis
Author
Aubry, Jean-Pierre
Crawford, Caroline V.
Center
Center for Retirement Research
Genre
report
Date Issued
January 2017
Publisher
Center for Retirement Research at Boston College
Series Title
State and Local Pension Plans
Series Number
54
Persistent Link
http://hdl.handle.net/2345/bc-ir:107285
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
State and Local Pensions

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