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University of Rochester, and Kellogg School of Management, Northwestern University
June 23, 2011
We calculate the increases in state and local revenues required to achieve full funding of state and local pension systems in the U.S. over the next 30 years. Without policy changes, contributions to these systems would have to immediately increase by a factor of 2.5, reaching14.2% of the total own-revenue generated by state and local governments (taxes, fees and charges).
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University of Rochester, and Kellogg School of Management, Northwestern University
July 29, 2011
We calculate the increases in state and local revenues required to achieve full funding of state and local pension systems in the U.S. over the next 30 years.
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