Friday, May 30, 2008
Tweet[IWS] BLS: RETIREMENT BENEFITS in STATE & LOCAL GOVERNMENTS in the U.S. 2007 [22 May 2008]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
National Compensation Survey:
Retirement Benefits in State and Local Governments in the United States, 2007, Summary 08-03 [22 May 2008]
http://www.bls.gov/ncs/ebs/sp/ebsm0008.pdf
[full-text, 63 pages]
Eighty-two percent of State and local government
employees participating in defined benefit retirement
plans were covered by early retirement provisions in
2007. Almost all workers (95 percent) were in plans with
disability retirement provisions, and more than half (56
percent) had portability provisions. Virtually all workers
participating in defined benefit plans had their retirement
benefits calculated on the basis of their pre-retirement
earnings. Ninety-three percent of participants were in plans
allowing newly hired employees to participate; the remainder
were in plans that are closed to new employees. Eighty-one
percent could begin their plan participation immediately upon
being hired. (See tables 1 and 2.)
This summary presents findings of the 2007 National
Compensation Survey (NCS) regarding detailed provisions
of retirement plans in State and local governments....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
National Compensation Survey:
Retirement Benefits in State and Local Governments in the United States, 2007, Summary 08-03 [22 May 2008]
http://www.bls.gov/ncs/ebs/sp/ebsm0008.pdf
[full-text, 63 pages]
Eighty-two percent of State and local government
employees participating in defined benefit retirement
plans were covered by early retirement provisions in
2007. Almost all workers (95 percent) were in plans with
disability retirement provisions, and more than half (56
percent) had portability provisions. Virtually all workers
participating in defined benefit plans had their retirement
benefits calculated on the basis of their pre-retirement
earnings. Ninety-three percent of participants were in plans
allowing newly hired employees to participate; the remainder
were in plans that are closed to new employees. Eighty-one
percent could begin their plan participation immediately upon
being hired. (See tables 1 and 2.)
This summary presents findings of the 2007 National
Compensation Survey (NCS) regarding detailed provisions
of retirement plans in State and local governments....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 4:46 PM
