Public Pensions

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UC Berkeley Labor Center

RELEASE: Understanding the Financial Status, Cost, and Sustainability of Public Pensions in Marin County

Designed as a resource for policymakers and journalists, this brief explains how public pension costs are calculated and funded, and explains how reforms adopted by CalPERS, CalSTRS, and MCERA have put the systems on stronger footing in recent years. This is the second of three briefs in the Marin Public Pension Series.

UC Berkeley Labor Center

RELEASE: Traditional pensions provide greater benefit than 401(k)s for U.S. teachers

A new study from University of California, Berkeley and the National Institute on Retirement Security shows that for the vast majority of teachers, existing pension benefits provides a higher, more secure retirement income compared to a cost-equivalent 401(k)­-style plan. What’s more, pensions keep teachers in classrooms.

Nari Rhee

Potential Impact of Governor Brown’s Pension Reform Plan on Low Wage Workers

Lower wage workers could be significantly disadvantaged if the Governor’s proposals for a hybrid pension and increased retirement age for new hires is applied without regard for wage level or occupational characteristics–through a severely downgraded pension benefit that fails to provide meaningful retirement security and a longer working career/shorter period of retirement compared to higher paid workers.