Our latest research finds that economic gains attributable to private and public sector defined benefit (DB) pensions in the U.S. are substantial.
Retiree spending of pension benefits in 2014 generated $1.2 trillion in total economic output, supporting some 7.1 million jobs across the U.S. This pension spending also filled government coffers with retirees paying a total of $190 billion in federal, state and local taxes on their pension benefits and spending 2014.Download the report here. Listen to a webcast replay here.
Download the infographic here. Read the press release here. Check out a map with state fact sheets here.– National Institute on Retirement Security