Episode from the podcastAfter the Fact

States of Innovation: Securing Public Pensions

Released Friday, 29th January 2021
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Stat: $1.24 trillion: The 50-state pension funding gap—the shortfall between what all the states have funded and what they actually owed public employee retirees—as of 2018.
Story: Public employees count on pensions when they retire, but most states haven’t adequately funded their obligations. As of 2018, the funding gap for all the states totaled $1.24 trillion. Without sustainable funding, the cost of retiree benefits can mean less money is available for schools, roads, or public safety. In this episode, we hear from Greg Mennis, who leads Pew’s efforts to help states find innovative solutions to close the funding gap and save taxpayer dollars. We also speak with Marcie Frost, who leads the California Public Employees' Retirement System—the country’s largest public pension system—on how stress testing that pension fund helps policymakers understand potential costs and liabilities as they make decisions to help secure retirement benefits for 2 million public employees, retirees, and their families.

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Moderator Stats

ID
83978093
Episode Number
95
Visibility
visible
Podcast ID
244192

Episode Details

Length
19m 31s
Explicit
No
Season
1
Episode
95
Episode Type
Full

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