Employee pensions are an issue for all levels of government in Texas. Which of the following is a change that has been recently implemented as a way to make pension plans more economically sound?
A) decreased years of service required
B) privatized accounts
C) reduced employee contribution
D) increased retirement age

Question

Quizplus · Accepted Answer

An increasing retirement age has been recently implemented as a way to make pension plans more economically sound in Texas. This allows for a longer period of time for employees to contribute to their pension plans and reduces the amount of time that benefits are paid out.

Employee Pensions Are an Issue for All Levels of Government