David Draine, a senior researcher at Pew, serves as a principal investigator and methodologist on Pew’s research agenda on state fiscal health, economic competitiveness, and other state policy issues, particularly in the area of state budgets and fiscal health.
Draine has been a lead researcher on a number of groundbreaking studies looking at state-run public employee retirement systems. Pew’s work in this area has been cited widely in national media, as well as by state and local print and broadcast outlets.
In addition to his expertise on public sector retirement benefits, Draine has conducted research and analysis across the 50 states that inform state policy decisions on a wide range of issues, including state transportation investments, state revenue systems, economic development, and mortgage lending.
He holds a bachelor of arts in history from Princeton University and a master of arts in public policy from Johns Hopkins University.
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All figures presented are as reported in public documents. The main data sources used for this report were the Comprehensive Annual Financial Reports (CAFRs) produced by each state and pension plan for fiscal year 2013, actuarial reports and valuations, and other state documents that disclose financial details about public employment retirement systems. Pew collected data for over 230 pension... Read More
The nation’s state-run retirement systems had a $968 billion shortfall in 2013 between pension benefits governments have promised to their workers and the funding available to meet those obligations—a $54 billion increase from the previous year. Read More
State-run retirement systems faced a $968 billion shortfall in 2013 between pension benefits promised to government workers and the funding needed to meet those obligations, a $54 billion increase from the previous year, according to a brief released today by The Pew Charitable Trusts. Read More