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Population aging and state pensions in New England
This Research Report analyzes the features of the New England state pension plans in the context of the region's changing demographic environment. The first section of the report documents key demographic developments: the aging of the Baby Boom generation and increasing life expectancies. Key features of the primary state pension plan in each New England state are then compared, focusing in particular on the age-specific characteristics of the plans. A third section analyzes the labor market implications of the plans' formulas, such as how they apply to workers choosing retirement at ...
The golden years dilemma
With 3.2 million baby boomers eligible to retire this year, how many will be able to meet daily financial needs and still preserve home equity? The author advises seniors to plan carefully and learn about the many forms of assistance available.