A new national economic impact study finds that the benefits provided by state and local government pension plans have a significant economic footprint:  2.5 million American jobs and $358 billion in economic impact.

The analysis finds that the benefits provided by state and local government pension plans have a sizable impact that ripples through every state and industry across the nation.  Full Report here.   Report PowerPoint here. State Fact Sheets/Map here.  State Press Releases here. 

“Pensionomics: Measuring the Economic Impact of State and Local Pension Plans,” finds that expenditures made from state & local pension benefits for fiscal year 2005-2006:

• Had a total economic impact of more than $358 billion.
• Supported more than 2.5 million American jobs that paid more than $92 billion in total compensation to American workers.
• Supported more than $57 billion in annual federal, state, local tax revenue.
• Had large multiplier effects. Each taxpayer dollar invested in state and local pensions supported $11.45 in total economic activity, while each dollar paid out in benefits supported $2.36 in economic activity.
• Had the largest impact on the manufacturing, health care, finance, retail trade, and accommodation and food service sectors. 
• Paid $151.7 billion in pension benefits to 7.3 million retirees and beneficiaries.

The report also analyzes the economic impact of public pensions in all 50 states.  

Download "Pensionomics" report here.

Download the State Fact Sheets here.

Visit a Map with state-by-state impacts here.

Read the National Press Release here.

Read the State Press Releases here.

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