The New Intersection on the Road to Retirement: Public Pensions, Economics, Perceptions, Politics, and Interest Groups
State and local pensions have been a cost-effective way to ensure that those retiring from public service will have adequate retirement income after a lifetime of work. Despite their strengths, opposition to public pensions has emerged in recent years. This chapter examines the economics of public pensions and outlines the role of public perceptions, politics, and interest groups in the public pension debate.
Keywords: converting defined benefit to defined contribution, political economy of pensions, partisanship, public plan funding, Public Employee Retirement Systems, retirement living standards, Social Security, Alaska, California, Colorado, Utah
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