News and perspective on public policy issues affecting Washington's economy and quality of life, brought to you by the Economic Opportunity Institute.
As “Dean Vedder” would sing it (with apologies to Eddie): Freezin’ pension contributions hurts your long-run, again Oh, feelin’ maybe we’ll see a little better, P&E rate, ooh yeah Oh, maxin’ contributions makes too hard on your seniors, ah Oh, bubblin’, you can’t help, when the market looks insane, hey Even flow, you’ll avoid the [...]
From the Everett Herald: Are you saving for your retirement? If you are working, you are. You put 4.1 percent of your paycheck into Social Security, through the FICA tax. Now consider if we had no Social Security. The vast majority of workers would be understandably worried about paying the bills on their current income, [...]
From Public Pensions in Washington State: As of 2008, 31% of all private sector workers participated in a defined contribution (401k-style) retirement plan at their workplace, 3% in pension plans and 12% were enrolled in both. 54% of all private sector workers were not covered under a workplace retirement plan. Pensions guarantee workers a retirement [...]
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