Pensions
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The LATEST
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January 16, 2013
A Widening Gap in Cities
A number of the nation’s key cities face unpaid bills for the retirement benefits they have promised their employees. This report examines pension and retiree health care funding in 61 cities—the most populous one in each state plus all others with populations over 500,000—and looks at options for reform.
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- Stateline Story
California Scales Back Pension Benefits
A law signed by California Governor Jerry Brown on Wednesday will scale back retirement benefits for public employees in an effort to rein in the costs of the state’s woefully underfunded pension systems. more
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- Stateline Story
Illinois Passes on Pensions, Boots Lawmaker
The Illinois Legislature emerged from a special session Friday with one less lawmaker and no plan to address the state’s soaring pension obligations.
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- Stateline Story
Pennsylvania Struggles to Help Its Weakest Cities
Pennsylvania has an ambitious program aimed at fixing the finances of troubled cities. In most cases, it doesn’t accomplish a lot. more
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- Featured Collection
- States' Fiscal Health
State Fact Sheets: The Widening Gap Update
The gap between the promises states have made for public employees’ retirement benefits and the money they have set aside to pay these bills was at least $1.38 trillion in fiscal year 2010, according to Pew's latest comprehensive analysis on pension and retiree health care funding. View our collection of state fact sheets. more