Greg Mennis directs Pew’s work on public sector retirement systems. The project provides cutting-edge research on pension and retiree health promises and helps states and cities undertake evidence-based pension and retiree health care reforms.
Before joining Pew, he was assistant secretary for fiscal policy in the Massachusetts Executive Office for Administration and Finance, where he was responsible for retirement benefits policy, long-term fiscal planning, and the state’s Pay for Success financing program. In that role, Mennis led the development of Massachusetts’ successful pension reform legislation and created the state’s first long-term fiscal policy framework. He also has 15 years of experience in corporate finance and strategy, having served in a variety of roles at Citigroup and JPMorgan and as the chief financial officer and executive vice president of corporate development for a market-leading provider of retirement services technology.
Mennis is a chartered financial analyst. He has a bachelor’s degree in finance and public communications from Syracuse University and a master’s degree in public administration from the Kennedy School of Government at Harvard University.
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All dollar figures in millions. Parentheses indicate negative value. States attain positive amortization if they contribute more than 100 percent of the amortizationbenchmark. Data in 2014 reflect reporting under new accounting standards. Pension debt represents the net pension liability under the new GASB rules. The value ofplan assets is reported as net plan position. The funded ratio data for... Read More
The nation’s state-run retirement systems had a $934 billion gap in fiscal year 2014 between the pensionbenefits that governments have promised their workers and the funding available to meet those obligations. Thatrepresents a $35 billion decrease from the shortfall reported for fiscal 2013. The reduction in pension debt wasdriven primarily by strong investment results, with public plans... Read More
By providing simple, constructive guidance and education, plan sponsors can help workers make sound decisionsfor managing income after retirement. Read More