Do benefit cuts encourage public employees to leave?

Quinby, Laura D., and Gal Wettstein. “Do benefit cuts encourage public employees to leave?”. State and Local Plans Issue in Brief 65, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, May 2019. http://hdl.handle.net/2345/bc-ir:108507.
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Abstract

The brief's key findings are: (1) Financially troubled state and local pensions may need to cut benefits for current workers, but such cuts could also induce some workers to leave. (2) To assess this human resource impact, the analysis looks at a 2005 reform in Rhode Island that reduced benefits for some current workers. (3) The results show that the affected employees were significantly more likely to leave the government over the next four years. (4) Although the direct cost of hiring new workers was relatively small, governments should consider how losing skilled workers affects the quality of public services.

Title
Do benefit cuts encourage public employees to leave?
Author
Quinby, Laura D.
Wettstein, Gal
Center
Center for Retirement Research
Genre
report
Date Issued
May 2019
Publisher
Center for Retirement Research at Boston College
Series Title
State and Local Plans Issue in Brief
Series Number
65
Persistent Link
http://hdl.handle.net/2345/bc-ir:108507
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
State and Local Pensions

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