Most public sector workers in the U.S. have seen their retirement benefit packages change but appear not to have changed their spending and saving behavior to fit these new retirement saving strategies, a new study has found.
The findings were published in a new study by the Public Retirement Research Lab and J.P. Morgan Asset Management. The Public Retirement Research Lab (PRRL) is an industry-sponsored collaborative effort of the Employee Benefit Research Institute (EBRI) and the National Association of Government Defined Contribution Administrators (NAGDCA).
Officials with the groups said the study shows that many in the public sector have not adapted to a pension landscape that has evolved in recent years.
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