Millennial State & Local Government Employee Views on Their Jobs, Compensation & Retirement

Source: Kelly Kenneally, Tyler Bond, National Institute on Retirement Security (NRIS), February 2020

From the summary:
A new issue brief finds that Millennials working in state and local government are satisfied with their jobs and intend to stay with their employers so long as their benefits are not cut.

Millennial State & Local Government Employee Views on Their Jobs, Compensation & Retirement provides a deeper analysis of NIRS’ November 2019 opinion research report, and it drills down to examine the views of Millennials working in state and local government.

This nationwide poll finds that 84 percent of Millennials working in state and local government say they are satisfied with their job. This high job satisfaction comes despite sentiment that they could earn a higher salary in the private sector. Most Millennials in state and local government (80 percent) believe they could earn a higher salary working in the private sector, and only about one on four see their salary as very competitive.

The research also finds that state and local Millennial employees (85 percent) say that they plan to stay in their job until they retire or can no longer work. But, Millennials’ job loyalty would alter if their benefits were changed. Some 78 percent say their healthcare benefits is one reason they chose a position in the public sector, and 77 percent say they would be more likely to leave their job if this benefit were cut. A high number of these Millennials (84 percent) say that a pension benefit is the reason they stay in a state and local government job. These Millennials say that cutting their pension benefits would make them more likely to leave their state or local government job (71 percent).