A new national economic impact study finds that DB pension benefits have a significant economic impact: 6.5 million American jobs and $1 trillion in economic output.

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. State Fact Sheets/Map here. Press Release here. State by State Press Releases here.

“Pensionomics 2012: Measuring the Economic Impact of DB Pension Expenditures” finds that expenditures made from public and private pension benefits in 2009:

• Had a total economic impact of more than $1 trillion.
• Supported more than 6.5 million American jobs that paid more than $315 billion in labor income to American workers.
• Supported more than $134 billion in federal, state, local tax revenue.
• Had large multiplier effects. For every dollar paid out in pension benefits, $2.37 in total economic output was supported. For every taxpayer dollar contributed to state and local pensions $8.72 in total output was supported.
• Had the largest employment impact on the food services, real estate, health care, and retail trade sectors. 
• Paid $426 billion in pension benefits to nearly 19 million retired Americans and beneficiaries.

The report also analyzes the economic impact of state and local pensions in all 50 states.  

Download "Pensionomics" report here.

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

Read the press release here.

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