All Research Studies

Strengthening State and Local Government Finances: Lessons for Negotiating Public Pension Plan Reforms

This report offers lessons from five governments — Iowa, Oregon, Vermont, Gwinnett County (GA), and Houston (TX) — that have reformed their pension plans to make them more fiscally sustainable while still providing retirement security to their employees. It offers lessons for other reform-minded governments, on plan funding and governance, the importance of using good data from experts, communication, governance, and financial education.

The Impact of Pensions on State Borrowing Costs

Pensions are a component of the debt structure, and the extent to which states make their Annual Required Contribution has a statistically significant—albeit modest—impact on the cost of debt.