Economic Benefits of Public Pensions

Financial Economics and Public Pensions, Texas Pension Review Board, May 2012

• An examination of public pensions through the lens of financial economics methodology.

Pensionomics 2012: Measuring the Economic Impact of DB Expenditures, by Ilana Bovie, NIRS, March 2012

• "Often overlooked is the vital role that DB pensions play in stimulating the U.S. economy and creating jobs. Virtually every state and local economy across the country is enhanced substantially from the spending of pension benefits. This economic stimulus is particularly important given the economic downturn and high unemployment rate in the wake of the Great Recession."

A multitude of studies documenting the economic effects of public pension plans has been published in recent years. These studies are accessible here