Tag: Public Plans Database

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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…

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State and local government pension plans are important economic institutions in the United States. They hold nearly $5 trillion in assets; their annual payments to beneficiaries are equal to about 1.5 percent of national GDP; and over 11 million beneficiaries rely on these payments to support themselves in retirement. In recent years, attention has focused…