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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All figures presented are as reported in public documents or as provided by plan officials. The main data sources were the comprehensive annual financial reports (CAFRs) produced by each state and pension plan, actuarial reports and valuations, and other state documents that disclose financial details about public employee retirement systems. Read More
Connecticut voters recognize the significant difficulties confronting the state because of its budget shortfall and are concerned about the state employee pension system’s funding problems, according to a recent poll conducted for The Pew Charitable Trusts’ public sector retirement systems project. Read More
We look forward to seeing you at the NCSL Legislative Summit in Boston! Please visit Booth 545 in the exhibit hall to learn about The Pew Charitable Trusts’ work in all 50 states and meet policy experts on issues including fiscal and economic policy, public pensions, evidence-based policymaking, and health policy. Read More