Public Pension COLA Rates
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Inflation protection of retirement income is an important part of economic security. Cost-of-living adjustments (COLAs) are a typical way for states and cities to protect […]
Audience: Public Workers
The Pension Basics Series
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Most public workers in America are enrolled in a pension plan. For those who work a full career in education, public safety, or other state […]
How Pension Contributions Work
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Have you ever wondered how pension contributions work? If you’re a public employee, you make monthly contributions from your paycheck. If you’re a taxpayer, the […]
Where Are State & Local Workers Allowed to Join Social Security?
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Millions of state agency workers, municipal employees, and police and firefighters across the country do not participate in Social Security. There are 12 states that […]
Where Are Teachers Allowed to Join Social Security?
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More than a million teachers across the country do not participate in Social Security. There are 11 states that have totally opted out of Social […]
Pension Basics: Funded Status
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Funded status measures the dollars a pension fund has received and invested, compared to the pension payments it needs to make. Government employers have made […]
Pension Myths & Facts: Pensions are Not Funded like Social Security
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Myth: More public employees are needed to ensure pension debt gets paid off. Fact: Pension debt is not solved by hiring more employees because pensions […]
Pension Myths & Facts: Pension Benefit Value Calculation Is Not Affected by the Assumed Rate of Return
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Myth: The assumed rate of return determines the value of your benefits. Fact: The calculation of your pension benefit value is determined using a formula […]
Pension Basics: Pension Governance
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Public pension plan management is often referred to as pension governance. How states manage – or govern – their pension systems can be complex. In […]
Pension Basics: Paying the Pension Bill
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It is important that state and local governments pay at least 100% of their (ADC) each year. The ADC is based on assumptions about how […]