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Issues facing state and local government pensions

Author

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  • Richard H. Mattoon

Abstract

In the U.S., there are nearly 14 million state and local government workers and six million retirees who are owed more than $2.3 trillion dollars in eventual pension payouts by more than 2,000 different governments. The author discusses the current condition of state and local pension plans, as well as the strategies that are being used to help meet pension obligations.

Suggested Citation

  • Richard H. Mattoon, 2007. "Issues facing state and local government pensions," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 31(Q III), pages 2-32.
    • Handle: RePEc:fip:fedhep:y:2007:i:qiii:p:2-32:n:v.31no.3
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    File URL: http://www.chicagofed.org/digital_assets/publications/economic_perspectives/2007/ep_3qtr2007_part1_Mattoon.pdf
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    Cited by:

    1. Don H. Chamberlain & L. Murphy Smith & Randall B. Bunker, 2016. "An examination of US state pensions by total state expenditures, state budget deficit and red v. blue state," International Journal of Economics and Accounting, Inderscience Enterprises Ltd, vol. 7(1), pages 27-44.

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    Keywords

    Pensions; Retirement;

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