Tag: state and local pension
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…
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…
