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
A state pension plan’s annual funded ratio gives an end-of-fiscal-year snapshot of the assets as a proportion of the accrued liabilities. In aggregate, the funded ratio of these plans dropped to 72 percent in 2015 from 75 percent in 2014. Across the country, funded ratios for plans reviewed by The Pew Charitable Trusts ranged from 37 percent in New Jersey to 104 percent in South Dakota. Read More
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