Date: February 22, 2010
Time: 9:00 a.m. to 12:00 p.m.
Location: Dawson Conference Room, Albemarle Building
325 N Salisbury St, Raleigh
Personal Budget Exercise
In this meeting, the Study Commission is setting a target level of retirement income and a target retirement age.
The opinions expressed in the readings below are the opinions of their authors and are not necessarily the opinions of State Treasurer Janet Cowell or the NC Department of State Treasurer.
Level of Retirement Income Core Readings:
Retirement Age and Career Length Core Readings:
While it is possible that people are able work until a fairly advanced age, they may prefer to save money earlier in life in order to enjoy more years of retirement. We have not found good readings on how people make the trade-offs between saving more and working longer. The second meeting will include an exercise to better understand these trade-offs. In preparation for that exercise, please think about what the typical public employee might do with 5, 10, or more extra years of retirement, as well as how much current income that typical employee might be willing to sacrifice to get those years.