COVID-19: Employee Vaccination Status and Views
An infographic PDF and video (click on the image) based on the latest research by the Institute reveals public sector employee vaccination status against COVID-19, their views on getting the vaccine, and their employer’s stance on mandates, incentives, or other policy approaches.
Expansion of Public Plans Database
The Public Plans Database (PPD) has been expanded to include data from nearly 50 public sector defined contribution (DC) retirement plans. This represents nearly $140 billion in retirement assets and 2.5 million members. Additional DC plans and data will be added on an ongoing basis.
This comprehensive database is developed and maintained through the collaborative efforts of MissionSquare Research Institute, the Center for Retirement Research at Boston College (CRR), the Government Finance Officers Association (GFOA), and the National Association of State Retirement Administrators (NASRA).
The enhanced PPD now offers information on DC assets, membership, investment options, contributions, plan type and provisions. It includes 401(a), 457, 401(k), and cash balance plans, along with mandatory, optional, supplemental, and primary DC plans.
This database also contains detailed information on the largest state and local defined benefit (DB) pension plans in the U.S. The pension data spans fiscal years 2001 to 2020, and it includes 210 DB plans (119 state-run and 91 locally-run) that account for 95% of U.S. public pension assets and members.
“Adding defined contribution data is a strategic expansion of the PPD,” said Joshua Franzel, Ph.D., Managing Director at MissionSquare Research Institute. “Now, users have a better picture of public sector retirement plan assets. This is increasingly important as plan sponsors continue to look at innovative approaches for increasing contributions to DC plans.”
LinkedIn Webinar Series
MissionSquare Research Institute has just completed the first of a three-part webinar series on Strategic Steps for Developing the Post-Pandemic State & Local Government Workforce. The first session, entitled Building a Diverse, Talent-Centric State and Local Workforce, may be viewed now as presentation slides or a recording (click on the image).
The next webinar will be conducted on Wednesday, July 21, at Noon-1pm Eastern Time, and will focus on Flexible Workplace Implementation. Click here to register.
The third portion of the webinar series, Optimized Benefits and Compensation to Meet Employees’ Needs, will take place on Tuesday, August 24, at Noon-1pm Eastern. Registration details will be posted soon.
MissionSquare Research Institute
The Center for State and Local Government Excellence at ICMA-RC is now MissionSquare Research Institute. The new brand name is in conjunction with ICMA-RC changing its name to MissionSquare Retirement.
Since its founding in 2007, the newly renamed MissionSquare Research Institute has become the go-to source for trusted, independent, nonpartisan research to help local and state governments attract and retain a talented public workforce. This year, that mission has expanded to include education, health care, and nonprofit organizations.
MissionSquare Research Institute will continue to deliver research of interest to state and local leaders, particularly around the core priority areas of retirement, health and wellness, and workforce.
Click here to read more.
MissionSquare Research Institute in the News
The Institute’s workforce survey received coverage from Governing (also re-shared by the National Conference of State Legislatures), Government Technology, Route Fifty, State Technology, the Colorado Municipal League, and the Georgia Municipal Association. A follow-up article in Governing related the Institute’s research on both workforce and COVID-19 to larger trends impacting the overall economy.
The Institute’s role in supporting financial wellness grants was also cited at a Wisconsin Department of Employee Trust Funds event on challenges women face in achieving financial security.