Many Public Sector Workers Lack Adequate Retirement Income, Study Says

Many employees of state and local governments end their careers with less than the recommended level of retirement income, a finding that is contrary to what many Americans assume to be true, according to a study conducted by the Center for Retirement Research at Boston College and released Oct. 18.

A common perception exists that public sector employees retire with “more than adequate retirement income,” consisting of a combination of high pension benefits and Social Security benefits, the study said.

But in reality, it said, most households with people who have worked for state or local governments end up with ...