• January 5, 2025
Pensionomics 2025: Measuring the Economic Impact of Defined Benefit Pension Expenditures finds pending powered by U.S. private and public sector defined benefit pensions contributed significantly to the economy. In 2022, retiree spending of public and private sector pension benefits generated $1.5 trillion in total economic output, supporting 7.1 million jobs across the nation.
• December 21, 2022
Economic gains attributable to private and public sector defined benefit pensions in the U.S. during the COVID-19 pandemic were substantial, according to Pensionomics 2023: Measuring the Economic Impact of Defined Benefit Pension Expenditures. This report calculates the national economic impacts of U.S pension plans, as well as the impact of state and local plans on […]
• December 3, 2020
Economic gains attributable to defined benefit (DB) pensions in the U.S. are substantial. Retiree spending of pension benefits in 2018 generated $1.3 trillion in total economic output, supporting nearly seven million jobs across the nation. Pension spending also added nearly $192 billion to government coffers at the federal, state and local levels. Pensionomics 2021: Measuring […]
• January 10, 2019
Economic gains attributable to defined benefit (DB) pensions in the U.S. are substantial. Retiree spending of pension benefits in 2016 generated $1.2 trillion in total economic output, supporting some 7.5 million jobs across the U.S. Pension spending also added a total of $202.6 billion to government coffers, as taxes were paid at federal, state and […]
• January 1, 2019
This study analyzes data on specific private sector pension plans (referred to as “multiemployer plans”) to assess the overall national economic impact of benefits paid by these plans to retirees. We estimate the employment, output, value added, and tax impacts of pension benefit expenditures from multiemployer plans at the national level, and find that the […]
• September 1, 2017
This issue brief analyzes the effectiveness of pensions on teacher retention and productivity. It finds that pensions play a critical role in recruiting and retaining highly productive teachers.
• March 1, 2015
A new research report calculates that the U.S. retirement savings crisis continues to worsen, and that the typical working household still has virtually no retirement savings.
• December 1, 2014
An issue brief finds that teachers prefer a stand-alone defined benefit pension when given a choice between a pension plan or a plan that combines a defined contribution account with a pension.
• November 1, 2012
This report examines the workforce impacts of switching from a DB plan to a DC plan. Public employers would attract a different labor force, there would be an increase in employee turnover, and employers will incur higher costs.