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The Exclusive Magazine for the Building Service Contracting Industry Since 1981

State-Run Pension Plans Growing for Private Sector

The past year has seen a growing trend in jurisdictions across the country exploring the possibility of giving private sector employees access to state-run pension plans. A handful of states—California, Connecticut, and Massachusetts, so far—have introduced bills proposing state-administered pension plans for private-sector workers. New York City is also considering such a plan. The types of businesses that would be affected vary by jurisdiction, but the plans all propose pooling worker and employer contributions into a professionally managed retirement fund.

Read More - http://www.benefitspro.com/2012/06/29/state-run-pension-plans-growing-for-private-sector?ref=hp


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