Most Americans are worried that their state and local governments won't be able to afford the pensions promised to government workers but also don't want to see services cut or taxes raised to address the problem.
Almost three-quarters of those surveyed in the latest Reason-Rupe poll say they are concerned about governments' ability to meet future pension obligations. An even larger share, 82 percent, said public employees should be required to contribute more to their retirement.
Fifty-three percent said public employees should contribute at least 50 percent of total deferrals into their pension funds, while 58 percent favor capping retirement benefits.
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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.
