Return to Retirement issues page.
- Public Sector Retirement Systems
Based on the most recent comprehensive data, the gap between what state and local governments have promised in retirement benefits to their workers and the funding to meet those obligations continues to widen. New data for fiscal year 2012 show that state-run retirement systems had a $914 billion shortfall. When promises by local governments were factored in, the total pension debt was over $1 trillion. more
- Media Coverage
- State Health Care Spending
The National Conference of State Legislatures examines models for integrating behavioral health and primary care in a briefing paper funded by the State Health Care Spending Project, an initiative of The Pew Charitable Trusts and the John D. and Catherine T. MacArthur Foundation. more
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.
Sixty-one key cities across America have emerged from the Great Recession with a gap of more than $217 billion between what they had promised their workers in pensions and retiree health care and what they had saved to pay that bill, according to a report released today by The Pew Charitable Trusts. more
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. more