Topic: Alicia Munnell
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Want a balanced federal budget? Cut state workers' pay.
On average, state workers make $39.66 an hour, have traditional pensions untouched by stock market moves, and are laid off at one-third the rate of private-sector workers. Considering concerns about the federal budget, are government jobs too cushy?
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Economic crisis scrambles retirement math
The 401(k) model of saving is under duress as stocks slide. Home equity losses don’t help.
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Will pension funds suffer the next financial implosion?
Concerns mount as to whether these plans can stay afloat amid recession.
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Social Security sounder than you might think
Economic Scene: The latest report from the trustees of the system show improvement in its finances, despite some grim coverage.
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