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
For the past several years, policymakers across the country have been taking a close look at state and local retirement systems. Since 2009, 48 states have enacted retirement plan changes, with some states enacting multiple reforms,1 in an effort to make pension plans more fiscally sustainable. Read More
During during the past decade, public pension plans have increasingly turned to alternative investments such as private equity, hedge funds, real estate, and commodities to achieve their target investment returns. Read More
This fact sheet has been revised since initially issued to reflect updated data and feedback from five states (ID, MD, NH, NJ, SD). As a result, total pension debt facing state pension plans has been revised to $915 billion from $914 billion. Pew analysis also shows that 15 states made their full contributions rather than 14. Read More