March 6, 2010 — A Baltimore Sun letter to the editor discusses pensions and NIRS research.
According to the National Institute on Retirement Security, each dollar in taxpayer contributions to Maryland’s state and local pension plans ultimately supports $6 in total economic activity in the state. This reflects the fact that investment returns provide the bulk of financing for the retirement benefits that in turn provide income and jobs for others in the state. NIRS estimates that retiree expenditures stemming from state and local pension plan benefits support over 21,000 jobs in the state.
Read the full article here.