Why Pension Reform Takes Years

Source: Elizabeth K. Kellar, Center for State and Local Government Excellence, 2012

Decisions made by state governments on retirement age, benefit levels, and how pensions are calculated can be difficult to change, even when a local government has an independent pension plan. Three speakers at the ICMA (International City/County Management Association) Annual Conference last month described a decade of challenges in California, Florida, and Michigan, and how local governments are coping….

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