Pension and Retiree Health Care Funding
Many states continue to face shortfalls between assets and liabilities
Many state-run retirement systems face significant shortfalls between the pension benefits that governments promised to their workers and the funding available to meet those obligations.
Some pension plans for state and local workers are well-funded, but unless changes are made in a number of other states, retirees, workers, and taxpayers will have to contend with rising costs and potentially unpaid promises for years to come.
Issue Brief October 19, 2022