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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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
The challenges of managing growing public pension costs while recruiting and retaining a strong workforce haveprompted policymakers across the country to take a closer look at the way they deliver retirement benefits toemployees. Ten states have adopted hybrid pension plans that combine smaller, defined benefit pensions withdefined contribution plans. Read More