• Uncovered workers eligible for Social Security benefits have led to creation of two complex provisions.
  • In this Center for Retirement Research report, Alicia Munnell examines the arguments for and against extending Social Security coverage to all state and local workers.
  • Nearly half of all workers are not contributing to a retirement account. An estimated 3.65 million workers do not have access to an employer-provided retirement plan, and minorities are particularly vulnerable.

  • Without changes to public policies or retirement plan offerings, 401k balances may remain insufficient to support a stable retirement for all workers.
  • Recruitment is a key issue in the public pension debate. While pensions have virtually disappeared from the private sector over the past decade, almost all public sector employers still offer defined benefit pension plans. Public sector wages are offset by retirement benefits, and many argue that recent benefits cuts will affect worker retention and quality.