Recent studies reveal that
public pension benefits have positive effects on local and
state economies. In 2006, state and local government
retirement systems in the U.S. distributed over $100
billion more in benefits than they received in
taxpayer-funded contributions, a figure that is
growing each year. Personal income from state and
local government pensions exceeds the personal
income derived from the nation's farming, fishing,
logging, and hotel/lodging industries combined.
Together with the economic
multiplier effect, in these and other ways, the
aggregate economic impact of public pensions is
considerable and reaches every city and town of
every state. The resources listed below provide examples of
this economic phenomenon.
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Economic Impact of RSA, PEEHIP, and SEIB Benefit Payments on Alabama |
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The Economic Effects of CalPERS Investments on the California Economy |
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CalSTRS Payments Fuel State and Local Economies |
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California Retirees Leave Substantial Economic
Footprint on California |
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The Economic Impact of the Illinois TRS |
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Illinois TRS Benefit Payments by Legislative District & County |
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Measuring the Impact of Minnesota's Retirement Systems |
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Executive Summary of Minnesota Economic Impact Study |
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The Impact of Payments to Beneficiaries by the Mississippi PERS |
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The
Economic Impact of the Ohio Police & Fire Pension
Fund on Ohio in 2006 |
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Map Showing STRS of Ohio Pension Benefits By County |
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South Dakota Retirement System's Impact on the State's Economy |
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Beyond Public Service: The Economic Impact of Pension Benefits
Paid by the Texas Municipal Retirement System |
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Beyond the Classroom: The Impact of Pension Benefits
Paid by the Teacher Retirement System of Texas |
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Healthy Minds and Bodies: The Impact of Health
Care Benefits Paid by the Teacher Retirement System of Texas |
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Brochure: Teacher Retirement System of Texas: A Great Value for All Texans |
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Comparison of Income Sources to Public Pension Income, by State |
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Profitable Prudence: The Case for Defined Benefit
Plans for Employees of State and Local Government |
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Joint Letter to Joint Economic Committee regarding hearing to examine policies to strengthen retirement security |