Public Pension Plans: The Status of State Retirement Plans
Very few topics generate as much interest among both policymakers and the general public as a discussion on the financial viability of the United States’ retirement infrastructure. Research indicates that every element of our nation’s retirement architecture, both private and public, remains tenuous—a development that demands the focus of policymakers at every level of government.
Public pension plans are an important component of the U.S. economic architecture. This issue brief highlights the need for policymakers to focus on retirement systems, the finances of state retirement systems, several key developments and strategies employed in states across the country to bolster the finances of their pension systems.
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