Working paper by Daniel Greenberg and Jay Sirot, includes “… the Department’s enforcement and monitoring oversight of private-sector retirement plans does not extend to public-sector pensions. Some are concerned that state and local retirement systems may not be able to continue to provide the benefits that participants and beneficiaries deserve. This white paper surveys state and local pension programs across the country, highlighting key issues, divergent approaches between states, and ideas for fundamental reforms.”
Read the full article on: United States Department of Labor