Many state and local retirement plans are on an unsustainable course, having failed to set aside enough money to fund the promises they have made. To inform state policymaking, Pew provides research on the fiscal challenges state and cities face as a result of their pension and retiree health promises. With the understanding that there is no one-size-fits-all solution, the project also offers technical assistance to states and municipalities as they undertake pension and retiree health care reforms to ensure their public sector retirement systems are affordable and sustainable, provide a secure retirement for workers, and preserve governments' ability to recruit and retain a talented public-sector workforce.
The Bipartisan Effort in 2013 Resulted in Fair and Effective Retirement System for Employees and Taxpayers Alike
Guidance for policymakers to ensure plans are affordable and sustainable
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Pew Urges Pennsylvania Legislature to Support Bill to Improve State Pension System’s Security and Sustainability
On June 5, 2017, The Pew Charitable Trusts sent a letter to members of the Pennsylvania Legislature providing a preliminary analysis of S.B. 1, a measure to improve the security and sustainability of the state retirement system for public employees. In the letter, Greg Mennis, director of Pew’s public sector retirement systems project, outlines the reasons that Pew supports passage of the... Read More
State and local governments have seen an uptick in retirement rates among baby boomers and other older people who make up a large segment of their workforce, and this development could have major implications as policymakers consider changes to benefit programs for public workers. Read More
The Pew Charitable Trusts published a report in April 2017 that examines pension fund asset allocation, investment performance, and reporting practices for all 50 states. The report, “State Public Pension Funds Increase Use of Complex Investments,” studies the 73 largest state-sponsored pension funds, which collectively account for over $2.8 trillion (about 95 percent of all... Read More