Retirement Security: A Moving Target – Local Governments Grapple with Benefit Plans

Source: Elizabeth Kellar, PM Magazine, Vol. 97 no. 10, November 2015

Local governments have faced fiscal pressures over the past decade, often exacerbated by higher pension and health care costs. They have made significant changes to their benefits, especially for new hires, and have increased employee and employer contributions to their pension and health care plans.