State and Local Pension Plans

Olivia Mitchell and Roderick Carr

No 5271, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper examines the role and function of pension plans covering state and local government employees in the United States. Covering about 16 million employees (including teachers, fire fighters, police, members of the judiciary, and many other state and local employees), these plans manage a substantial stock of financial assets -- close to $1 trillion -- and receive annual contributions from employees and government revenues totaling about $56 billion. Using data gathered from a variety of different sources, some of which have only recently become available, we describe the benefits, financing, and management of these plans, and identify some of the prominent challenges facing these pension plans in the next decade.

Date: 1995-09
Note: AG LS
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published as In Handbook of Employee Benefits. Ed. by J. Rosenbloom. Chicago;ZL: Irwin,1996.

Downloads: (external link)
http://www.nber.org/papers/w5271.pdf (application/pdf)

Related works:
Working Paper: State and Local Pension Plans
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:5271

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w5271

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().