As more employees work past traditional retirement age, pension and benefit systems are colliding with assumptions built for a workforce that no longer exists—the result is a growing disconnect between modern economic realities and retirement rules rooted in policy decisions made nearly a century ago.
The coronavirus is a challenge unlike most public employers have faced. The pandemic has brought major changes to both retirement and health care benefits, including defined benefit and contribution plans, prescription drug benefits, mental health offerings and short-term disability benefits. A new […]
