Sustainable Pension Benefit Tiers
Compensation and Benefits
Sustainable Pension Benefit Tiers
Jurisdictions considering new benefit tiers should examine the following issues: A governments authority to revise its pension benefits, the overall goals it wants to accomplish by doing so, and the effect of such changes on the workforce; and the financial impacts resulting from changes to pension plan design, as well as the effects on employees.
Board approval date: Tuesday, May 31, 2011