Pensionomics 2021 calculates each state’s economic benefit stemming from state and local defined benefit pension payments, and the report provides key state-level results of the economic impact analysis.
Not surprisingly, California—with the largest economy of the 50 states—showed the largest employment, output and value added impacts: 395,520 jobs, $73.7 billion in output, and $47.3 billion in value added supported by state and local pension benefit expenditures. But even in smaller states, the impacts of state and local pension benefits are substantial.
What is the impact in your state? Click on a state to download a Fact Sheet with details.