More and more, retirees are finding that it pays to have worked for the government instead of the private sector. That’s the headline of a recent article in USA Today reporting that retired government workers are twice as likely to get a pension as their counterparts in the private sector with a benefit more generous. Much has been written about the cost of these public sector plans and the decline in private sector pension plans. Two sides, of course, to the issue. Is it because of the decline in corporate pension plans or because of what public employee unions have been able to achieve? Or maybe both?
Home > Defined Benefit Pension Plans > Two classes of retirees emerging: those having government pensions and those that don’t