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

Source: Elizabeth Kellar, PM Magazine, November 2015

Because newer hires will need to work longer and save more to reach their retirement goals, local governments are taking more initiative to help employees save, writes Elizabeth Kellar, SLGE President and CEO in the November issue of PM Magazine. The article explores how local governments have set up automatic enrollment for supplemental retirement plans to make it easier for employees to save. Also, it highlights the retirement income calculator that the City of Los Angeles developed to help employees see what the gap is between their pension income and retirement income goals.