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Research report

Are Pension Reforms Helping States Attract and Retain the Best Workers?

Richard W. Johnson, C. Eugene Steuerle, Caleb Quakenbush
July 16, 2012
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Abstract

Recent budget pressures have led many states to cut future pension benefits for state workers. Using New Jersey as a case study, this report describes how these reforms ignore larger employee recruitment and retention issues for today's more mobile workforce. State retirement plans generally do not attract younger workers, lock in middle-aged workers even if a job is not a good fit, and push older workers into retirement. Recent reforms also shift pension financing burdens to the young, largely sparing taxpayers and current older workers and retirees.

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Individual Taxes Federal Budget and Economy State and Local Issues
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Meet the Experts

  • Richard W. Johnson
    Senior Fellow
  • C. Eugene Steuerle
    Institute Fellow and Richard B. Fisher Chair
  • Caleb Quakenbush
    Research Associate I
Research report

New Evidence on The Effect of The TCJA On the Housing Market

Robert McClelland, Livia Mucciolo, Safia Sayed
March 30, 2022
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