National Institute On Retirement Security Presents: Pensionomics 2023

Pensionomics 2023

Measuring the Economic Impact of Defined Benefot Pension Expenditures

Pensions Are Major Drivers of Local Economies

Retiree spending of public and private sector pension benefits in 2020 generated $1.3 trillion in total economic output, supporting nearly 6.8 million jobs across the nation. Pension spending also added nearly $157.7 billion to government coffers at the federal, state, and local levels.

The National Institute on Retirement Security is a non-profit research and education organization established to contribute to informed policymaking by fostering a deep understanding of the value of retirement security to employees, employers, and the economy as a whole.

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