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.

Teachers’ Views on Jobs, Pay and Benefits

Teachers' Views on Jobs, Pay and Benefits – Despite feeling their jobs are stressful, teachers nationwide say both their public pension plan and their commitment to public service keep them in the classroom. Their opinions mirror those of other public sector workers also surveyed in a new study by the National Institute on Retirement Security (NIRS).

The Implications of Social Security’s

Peaceful Coexistence: The Facts about Pensions and Education Funding – This 2019 study by the National Conference on Public Employee Retirement Systems (NCPERS) refutes critics who argue that public pension costs are crowding out education spending. The real funding squeeze, says the study’s author, is caused by frequent tax changes and risky, regressive revenue schemes that destabilize revenue for state and local governments.

Pensionomics 2018 Measures the Economic Impact of Defined Benefit Pensions

The Implications of Social Security’s "Missing Trust Fund" – The 2019 study debunks the myth that Baby Boomers are to blame for the financial shortfall facing Social Security and points out that the root of the problem was created in the late 1930s when policy makers decided to pay the first retirees benefits that far exceeded the contributions they made to the system. Failing to build up a trust fund – like NYSTRS and other well-funded defined benefit pension plans have done – that could be invested to pay future benefits created a "pay-as-you-go" approach for Social Security, according to the study by the Center for Retirement Research at Boston College.

NCPERS Study Finds Public Pension Funding Levels Rose

Pensionomics 2018 Measures the Economic Impact of Defined Benefit Pensions – Defined benefit pensions play a stabilizing role in local economies during economic downturns and have a substantial positive impact on the national economy, according to a new study by the National Institute on Retirement Security (NIRS). Retiree spending of pension benefits in 2016 generated $1.2 trillion in total economic output, supporting about 7.5 million jobs across the country and adding $202.6 billion in tax revenue to government coffers, the report found.

Stability in Overall Pension Plan Funding Masks a Growing Divide

NCPERS Study Finds Public Pension Funding Levels Rose – Despite the use of more conservative actuarial assumptions, the average public pension plan funding level increased to 72.6% in 2018. (NYSTRS is virtually 100% funded.) Among other findings in the 2018 National Conference on Public Employee Retirement Systems (NCPERS) Public Retirement Systems Study is that public pensions remain among the most cost-effective plans nationally.

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