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Author: Aubry, Jean-Pierre
Resulting in 1 citation.
1. Aubry, Jean-Pierre
Munnell, Alicia H.
Quinby, Laura D.
Springstead, Glenn
How Many Public Workers Without Social Security Could Fall Short?
State and Local Pension Plans Brief 82, Center for Retirement Research at Boston College, April 2022.
Also: https://crr.bc.edu/wp-content/uploads/2022/03/SLP82.pdf
Cohort(s): NLSY79
Publisher: Center for Retirement Research at Boston College
Keyword(s): Health and Retirement Study (HRS); Panel Study of Income Dynamics (PSID); Pensions; Public Sector; Retirement/Retirement Planning; Social Security

Permission to reprint the abstract has not been received from the publisher.

Social Security is designed to serve as the base of retirement support, to be supplemented by employer sponsored plans. However, some state and local government employees -- approximately one-quarter, or 5 million workers annually -- are not covered by Social Security on their current job. Federal law allows these noncovered workers to remain outside of Social Security if their state or local plan provides comparable benefits. This brief addresses the extent to which lifetime benefits received by noncovered workers are equal to what they would have received from Social Security alone, had they been covered. Hence, the brief compares the pensions of noncovered workers to a very low bar, leaving to later discussion the broader question of how their total retirement income compares to workers with a lifetime of Social Security and employer-provided benefits.
Bibliography Citation
Aubry, Jean-Pierre, Alicia H. Munnell, Laura D. Quinby and Glenn Springstead. "How Many Public Workers Without Social Security Could Fall Short?" State and Local Pension Plans Brief 82, Center for Retirement Research at Boston College, April 2022.