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.
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State human resources (HR) directors face numerous challenges when building a state workforce. They are well-positioned to understand the needs and preferences of state workers, making their perspectives on how to attract and hold on to productive and engaged employees valuable. To learn more, The Pew Charitable Trusts partnered with the National Association of State Personnel Executives to hold... Read More
Almost all of the $20.8 billion that states paid in 2015 for non-pension worker retirement benefits— what are known as other post-employment benefits (OPEB)—went to retiree health care. The aggregate figure represented an increase of $1.2 billion, or 6 percent, over 2014. Read More
Pension reform legislation enacted this year in Pennsylvania with broad bipartisan support is historic in its scope and impact. The new law establishes what is known as a risk-managed hybrid plan for new employees that lowers costs and significantly reduces risk for taxpayers—while preserving a path to retirement security for public workers. At the same time, it maintains and extends the... Read More