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Most public pension plans are distressed or fragile, and there are better ways – risk-managed pensions, guaranteed return plans, hybrid plans or any combination – to design them for the 21st Century, says a new report.

With the passage of this landmark legislation, significant administrative guidance on changes to retirement plans will be forthcoming from the IRS and the DOL, but here is a preliminary summary of the most relevant changes.

Public service leaders offer important insights on approaches to workforce management and support that all employers could benefit from, according to MissionSquare Research.

"They are constantly looking for new financial tricks and strategies," Cornell University professor Rosemary Batt says.

Particularly new hires, whose defined benefit plans are likely to be less generous than their longer-tenured co-workers, are not preparing adequately for retirement, says report.

With inflation, market volatility and the lingering pandemic, now's the time to offer guidance, tools and resources to help workers make the best decisions to balance current financial needs without jeopardizing their future.

This is the highest year-over-year increase since financial services firm Wilshire started the survey over 30 years ago.

From desirable property tax rates and affordable public transportation to well-reviewed retirement homes and low monthly Medicare premiums, these big burgs are the cream of the crop.