The SAFE Act retirement legislation authored by Sen. Orrin Hatch, R-Utah, is neither feasible nor efficient in how it proposes to secure public employee pensions, according to the Center for Retirement Research at Boston College.
In September, the Urban Institute, a nonpartisan Washington, D.C.-based think tank, scored the part of the SAFE Act that addresses public pensions and gave the legislation a perfect grade.
Among other provisions, the SAFE Act would require public pensions to make annual purchases of annuities, as opposed to making contributions to an annual fund.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
