The Public Sector Retirement Systems Project conducts and publishes groundbreaking research on the fiscal challenges state and cities face from their pension and retiree health promises.
Research & AnalysisView All
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
States paid $18.4 billion in 2013 for worker retirement benefits other than pensions, which are known as other post-employment benefits (OPEB). Almost all of this total was spent on retiree health care. The payments covered the cost of current-year benefits and, in some states, included funding to address OPEB liabilities—the cost in today’s dollars of benefits to be paid in... Read More