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.

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.

How Much Income Do Retirees Actually Have?

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.

Unintended Consequences: How Scaling Back Public Pensions Puts Government Revenues at Risk

Unintended Consequences: How Scaling Back Public Pensions Puts Government Revenues at Risk - Without revenues generated by public pensions, taxpayers would have to cover severe revenue shortfalls at the state and local level, an NCPERS study finds.

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