Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.


Is there insurance on government plans?

Defined benefit plans for public employees have no PBGC backstop. If there's a shortfall, you're at the mercy of your state or municipality to figure out a way to come up with more money. That's likely to mean higher taxes of some sort - and it would probably cut the value of your benefit anyway.