Headline: State and Local Pension Reform Since the Financial Crisis
Publication: Center for Retirement Research
Article Date: Jan 3, 2017
“In the wake of the financial crisis, many state and local pension plans have reduced benefits and increased required employee contributions to curb rising employer costs. While past research suggests that most state plans have made some changes, little information is available about reforms at the local level. This brief documents and compares the reform patterns for over 200 major state and local plans between 2009 and 2014 and investigates how and why the changes were made.” Read article…