The Ticking Retirement Time Bomb: What State Governments Can Do

12 Pages Posted: 19 Nov 2004

See all articles by Jim Jaffe

Jim Jaffe

Employee Benefit Research Institute (EBRI)

Abstract

This paper summarizes discussions at two regional meetings held in September 2004 by members of the Reforming States Group about how state governments can most effectively respond to the likelihood that a large number of today's public- and private-sector workers won't be able to afford even a modest standard of living in retirement, particularly if they get hit with major home health or nursing home bills. The Boston and St. Louis conversations dealt with two interrelated issues: retirement income adequacy generally, and the cost of health care (particularly long-term care) in retirement. States were the focus of these discussions because of the number of different roles they play in retirement/old age security.

Keywords: Postretirement expenditures, Retirement income

JEL Classification: D31, D91, H77, J14

Suggested Citation

Jaffe, Jim, The Ticking Retirement Time Bomb: What State Governments Can Do. Available at SSRN: https://ssrn.com/abstract=622862

Jim Jaffe (Contact Author)

Employee Benefit Research Institute (EBRI) ( email )

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