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The Trillion Dollar Pension Problem

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Published February 22, 2024

Left unchecked, swelling pension deficits estimated at over $6.5 trillion could eventually bankrupt state economies and hurt public services like infrastructure and education, negatively impacting the lives of all Americans. Alternative retirement plans can provide a lifeline to governments and households. Transitioning workers to sustainably-structured retirement plans like a 401(k) allows states to save money and remain solvent, and still provide employees with reliable benefits and financial security. 

Check Out More from Oliver Giesecke:

  • Read "How Much Do Public Employees Value Defined Benefit Versus Defined Contribution Retirement Benefits?" by Oliver Giesecke and Joshua D. Rauh here.
  • Read "Public Pensions Are Mixing Risky Investments with Unrealistic Predictions" by Oliver Giesecke and Joshua D. Rauh here.
  • Read "Trends In State And Local Pension Funds" by Oliver Giesecke and Joshua D. Rauh here.