US. NCPERS Warns of Risks From Dismantling Public Pensions
In its 2025 update of its 2018 report, “Unintended Consequences: How Scaling Back Public Pensions Puts Government Revenues at Risk,” the National Conference on Public Employee Retirement Systems found that public pensions produced $445.2 billion more in state and local revenues than taxpayers contributed in 2023. According to the update, state and local public pensions are a “powerful economic engine,” generating more than $660 billion and contributing nearly $3 trillion in economic output in 2023. While policymakers grapple with decisions...
