Public Pensions Can Mean the Difference Between Security and Poverty in Retirement

Public Pensions Can Mean the Difference Between Security and Poverty in Retirement

The median income in 2014 for retirees without public pensions was near or below the individual poverty line ($11,367 a year in 2015) for retirees of any race, because the majority of retirees without public pensions rely on Social Security for nearly all of their retirement income.

For more on the importance of public pensions, see Twin Threats: How Disappearing Public Pensions Hurt Black Workers