The SAFE Act retirement legislation authored by Sen. Orrin Hatch, R-Utah, is neither feasible nor efficient in how it proposes to secure public employee pensions, according to the Center for Retirement Research at Boston College.
In September, the Urban Institute, a nonpartisan Washington, D.C.-based think tank, scored the part of the SAFE Act that addresses public pensions and gave the legislation a perfect grade.
Among other provisions, the SAFE Act would require public pensions to make annual purchases of annuities, as opposed to making contributions to an annual fund.
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