More portable retirement plans would help public employers attract and keep workers

In Politics by Michael Rae

While the beginning of the COVID-19 pandemic was dominated by layoffs and furloughs as employers dealt with lockdowns and uncertainty, the recent workforce dynamic is quite the opposite. Even with fears of a recession, the “Great Resignation,” which refers to the increased rate at which American workers have been resigning from their jobs since 2021, and “quiet quitting,” often used to describe workers who are doing the bare minimum requirements of their jobs, continue to impact the workplace across sectors today.  

For some public sector workers, the portability of retirement benefits is becoming increasingly crucial to their career and employment decisions.