Archive: State & Local Pensions

Above photo of keyboard calculator notebook clipboard pen piggybank and glasses isolated on wooden backdrop-min

The Center’s most recent issue brief makes a strong case for shifting the focus of fiscal sustainability for state and local pension plans from full funding to stabilizing their pension debt as a share of the economy.  While full funding is tidy in the sense that, if the pension were to shut down, assets would…

City hall of an American city

A new report from the Congressional Research Service appears to have rekindled the controversy surrounding the Windfall Elimination Provision (WEP).  This provision reduces Social Security benefits for workers receiving significant government pensions from jobs not covered by Social Security.  A companion provision – the Government Pension Offset (GPO) – makes similar adjustments for their spouses…