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Study Measures Economic Impact of Pension Plans

Study Measures Economic Impact of Pension Plans

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Posted: 
July 31, 2014
Money

The National Institute on Retirement Security has released Pensionomics 2014: Measuring the Economic Impact of DB Pension Expenditures, a study showing benefits paid by state and local pension plans support a significant amount of economic activity in Illinois and the nation.

According to the study, retiree expenditures stemming from state and local pension plan benefits support 164,871 jobs in Illinois and account for $25.3 billion in total economic output.

Download the full study here and/or the state fact sheet here.