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
Most state and local public workers are members of a traditional defined benefit (DB) plan, but many today also have access to what are known as defined contribution (DC) plans, similar to private sector 401(k)s. Read More
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