Pension Education Toolkit

Pension Education Toolkit
Learn how pensions are funded and how they impact the economy.
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Public pensions are a hot topic in the news, so we developed this Pension Education Toolkit to help deepen your understanding of defined benefit public pension plans. Supplemental information is found on our Facts & Research page. Additional data is available through our Public Pension Partners.

Pension Reform Since the Financial Crisis (2017)

Pension Reform Since the Financial Crisis (2017) – Objective research shows states (including New York) enacted pension reforms to mitigate rising costs to taxpayers associated with the global financial crisis that occurred in 2008-09.

Pensionomics 2016

Pensionomics 2016 – Examines the national economic impacts of public and private pension plans, as well as the impact of state and local plans on a state-by-state basis. Findings include retiree pension benefits generated $1.2 trillion in total economic output, supporting some 7.1 million jobs across the U.S.

Government Spending on Pensions (2016)

Government Spending on Pensions (2016) – State and local government pension benefits are paid not from general operating revenues, but from trust funds to which public retirees and their employers contributed while they were working. On a nationwide basis, pension contributions made by state and local governments account for roughly 4.1 percent of direct general spending.

An Overview of the Pension/OPEB Landscape (2016)

An Overview of the Pension/OPEB Landscape (2016) – Much is made in the press of the impact pensions had on bankruptcies in places like Stockton, CA and Detroit, MI, but there generally is no mention of states that have done a good job of providing reasonable benefits, paying their required contributions, and accumulating assets. This analysis provides a more accurate picture of which governmental entity is actually responsible for funding these liabilities.

Preserving Retirement Income Security for Public Sector Employees (2016)

Preserving Retirement Income Security for Public Sector Employees (2016) – When it comes to retirement finances, Americans have two top concerns: reliable, adequate retirement income that will not run out and the ability to move retirement plans from job to job. This report finds that public defined benefit (DB) pension plans stack up well on both counts. The research also finds that nearly all state retirement systems have features that allow for preservation of retirement income benefits even for employees who change jobs.

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