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.

The Implications of Social Security’s

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.

Pensionomics 2018 Measures the Economic Impact of Defined Benefit Pensions

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.

NCPERS Study Finds Public Pension Funding Levels Rose

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.

Stability in Overall Pension Plan Funding Masks a Growing Divide

Stability in Overall Pension Plan Funding Masks a Growing Divide - Big gaps in funding status exist among public pension plans across the country, according to a recent study of 180 plans by the Center for Retirement Research at Boston College. The top plans – including NYSTRS with a funded ratio of virtually 100% – were stronger due to higher investment returns and more consistent employer contributions, the study found.

Retirement in America: Out of Reach for Working Americans?

Retirement in America: Out of Reach for Working Americans? - Public policy changes, including strengthening Social Security, are needed to address a growing retirement crisis in which the typical working American has no retirement savings, according to an analysis by the National Institute on Retirement Security.

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