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In the wake of the financial crisis and Great Recession, the health of state and local pension plans has emerged as a front burner policy issue. In this book, the author draws on both her practical experience and her research to provide a broad perspective on the challenge of state and local pensions.
Daily headlines warn American workers that their retirement years may be far from golden. The main components of the retirement income system -Social Security and employer-provided pensions and health insurance -are in decline while the amount of income needed for a comfortable retirement continues to rise.
This book, part of the Studies in Social Economics series, examines old age pensions in the United States. Alicia H. Munnell explores the factors that have influenced the growth of private pension plans.
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