Retirement
Retiring Baby Boomers Boost Washingtons Economy
State expected to fare better than most states as more seniors retire, study finds
Washington ranks 14th in the nation in a measure of the number of senior citizens who are having a net positive impact on states economy, according to a new study released by SeniorLiving.org. The study offers a snapshot of the impact of the so-called silver tsunami, or the wave of baby boomers heading into retirement,…
On the Way to Pension Reform
Seattles new changes are a good start, but more substantive work must be done.
The bankruptcy of Detroit which was $18 billion in debt and had to cut pension benefits for many municipal workers shows how critical it is for cities to have meaningful pension reform. Seattle recently took important first steps to change its pensions, but more fundamental reforms are needed. Pension commitments have become one of the…