Pensions & Investments,  February 26, 2009

Benefits received from state and local defined benefit plans during 2006 generated $358 billion in economic output nationwide and $57 billion in tax revenue and supported 2.5 million jobs that paid workers a total of $92 billion, according to a National Institute on Retirement Security study.
“In the current economic crisis, these numbers are quite significant,” Beth Almeida, NIRS executive director and the study’s co-author, said in a teleconference today.

Read the full article here.