Business Week, February 26, 2009
The National Institute on Retirement Security has published a report on public pension plans and outlining the big economic benefit they bring. The study focuses on retiree spending, and how that helps the economy. It argues that these defined benefit plans become an “automatic stabilizer” for the economy by supporting 2.5 million jobs, $358 in economic output nationwide and $57 billion in federal, state and local taxes.
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