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 and local pension systems have adopted significant reforms in recent years in an effort to become fiscally sustainable, and many policymakers are considering additional changes to public retirement benefits. The impact of these reforms on recruitment and retention of a talented workforce remains unclear, and there is a growing need to better understand workers’ thoughts and attitudes... Read More
The Pew Charitable Trusts’ public sector retirement systems project performs 50-state and major city research on all aspects of public pension systems, including fiscal health, investment practices, benefits design, and governance. We developed some of the first and most comprehensive studies of underfunded public pensions throughout the U.S. Read More
The nation’s state-run retirement systems had a $968 billion shortfall in 2013 between pension benefits governments have promised to their workers and the funding available to meet those obligations—a $54 billion increase from the previous year. Read More