Gainesville Sun, August 21, 2009 —  Raymond T. Edmondson, Jr. writes that little attention has been paid to the important economic impact of defined benefit pensions.

A 2005-2006 National Institute on Retirement Security analysis of the economic impact of public pension spending revealed substantial economic contributions by public sector retirees. Expenditures from those benefit payments supported $1.3 billion in federal, state and local tax revenue in the state of Florida, as well as 62,587 jobs and $9.12 billion in economic activity.

Read more here.