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Look Before You Leap: The Unintended Consequences of Pension Freezes

(National Institute on Retirement Security, October 2008)

With the economy becoming weaker, many state and local governments will be facing fiscal challenges in the months and years ahead. These challenges will undoubtedly prompt governments to carefully examine all aspects of their budgets, including pension costs for state and local workforces. This brief explores important factors public employers should keep in mind when making decisions about their retirement programs.