JOURNAL ARTICLE

FINANCIAL FEARS: Public Sector Employees Are Stressed About Retirement Savings.

  • Published In: Public Eye (International Public Management Association for Human Resources), 2024, v. 90, n. 6. P. 12 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: McGraw, Mark 3 of 3

Abstract

The article discusses the financial concerns of public sector employees regarding retirement savings. Research shows that many employees doubt they will have enough savings for retirement, despite access to defined contribution accounts and pension plans. Employees express a need for more financial education, planning resources, and practical solutions to improve their retirement outlook, such as higher wages, improved benefits, and increased financial literacy. The National Association of Government Defined Contribution Administrators offers a guide to help public sector employees understand and optimize their retirement savings outcomes. [Extracted from the article]

Additional Information

  • Source:Public Eye (International Public Management Association for Human Resources). 2024/11, Vol. 90, Issue 6, p12
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2024
  • Accession Number:181879838
  • Copyright Statement:Copyright of Public Eye (International Public Management Association for Human Resources) is the property of Public Sector HR Association (PSHRA) and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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