A Guide to Consensus-Building and Reform for Public Pension Systems

The country’s 4,000 public sector pension systems distribute more than $228 billion in benefits annually, but all signs indicate many state and local governments can’t afford the expense. Public sector pensions are woefully underfunded. While there is no one-size-fits-all solution, this guide features examples and best practices from states and cities that have brought together diverse stakeholders and worked together to create more sustainable systems.