State and Local Government Pension Plans: Economic Downturn Spurs Efforts to Address Costs and Sustainability
United States Government Accountability Office
United States Government Accountability Office
National Association of State Retirement Administrators
State and local pension systems have received significant attention in the last few years. Changes to state pension systems have been taking place in response to the increased attention and concerns. This brief examines a number of pension issues from a budgetary perspective. A budgetary perspective considers long term pension funding adequacy, and the financial cost of promised benefits in relation to the rest of current state spending.
Center for Budget and Policy Priorities
NASBO Issue Briefs provide a summary and synthesis of fiscal topics important to state budget officers. Issue briefs are published as free PDF documents.
For over 60 years, the National Association of State Budget Officers (NASBO) has been the professional membership organization for state budget and finance officers. As the chief financial advisors to our nation’s governors, NASBO members are influential decision makers in state government. They guide their states in analysis of budget options and formation of sound public policy.