Teachers without Social Security coverage face substantial uncertainty and must rely more heavily on their employer retirement plans (state pensions), which provide little or no savings for many teachers.
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.
