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A Better Bang for the Buck 3.0
Publication Date: January 2022
This updated analysis finds that defined benefit (DB) pension plans offer substantial cost advantages over 401(k)-style defined contribution (DC) accounts. A typical pension has a 49 percent cost advantage as compared to a typical DC account, with the cost advantages stemming from longevity risk pooling, higher investment returns, and optimally balanced investment portfolios.
Americans' Views of State & Local Employee Retirement Plans
Publication Date: March 2021
the National Institute on Retirement Security (NIRS) polled Americans to ascertain their views about the retirement benefits provided to state and local employees. This report explores their findings.
Americans' Views of State-Facilitated Retirement Programs
Publication Date: November 2021
This NIRS issue brief examines national sentiment of Americans about state-facilitated retirement savings initiatives.
Enhancing Sustainability of Public Pensions
Publication Date: January 2022
This study shows how public pensions are or can be made fiscally sustainable with moderate fiscal adjustments.
Fiscal Responsibility and 401(k)s
Publication Date: December 2001
This report explores the potential impact states will face should lawmakers decide to convert new public employees from a defined-benefit pension plan to a defined-contribution 401(k) retirement plan as a budget-saving measure.
Fortifying Main Street
Publication Date: March 2020
The Economic Benefit of Public Pension Dollars in Rural America
GFOA CAFR Checklist for Pension and OPEB Plans
Publication Date: June 2018
This checklist is intended for comprehensive annual financial reports (CAFRs) prepared by pension and other postemployment benefit systems (system) and by external cash and investment pools (pool). The checklist is designed to provide comprehensive guidance for financial statement preparers, especially those who are submitting their CAFR to GFOA's Certificate of Achievement for Excellence in Financial Reporting program.
Pensionomics State Data 2018
Publication Date: 2018
Pensionomics data is issued every two years and provides readers with the financial impact of defined benefit pension expenditures in each state.
Pensionomics State Data 2021
Publication Date: January 2021
Pensionomics data is issued every two or three years and provides readers with the financial impact of defined benefit pension expenditures in each state.
The Hybrid Handbook: Not All Hybrids Are Created Equal
Publication Date: May 2021
This report provides an overview of the many aspects of hybrid plan design so that state and local officials can make informed decisions if seeking to modify public employee retirement benefits to some type of hybrid model, either as a new plan or as a new tier in an existing plan. This report also offers insight on jurisdictions that have implemented various forms of hybrid plans.
The Top 10 Advantages of Maintaining Defined-Benefit Pension Plans: 2021 Update
Publication Date: June 2021
The purpose of this research series is to update the original 2011 National Conference on Public Employee Retirement Systems (NCPERS) research series and demonstrate to policy makers that DB plans are more efficient and provide greater retirement security than DC plans. In addition, DB plans have a positive impact on local economies and revenue