Issues Facing State and Local Government Pensions

31 Pages Posted: 6 Sep 2007

See all articles by Rick Mattoon

Rick Mattoon

Federal Reserve Bank of Chicago


In the U.S., there are nearly 14 million state and local government workers and six million retirees who are owed more than $2.3 trillion dollars in eventual pension payouts by more than 2,000 different governments. The author discusses the current condition of state and local pension plans, as well as the strategies that are being used to help meet pension obligations.

Keywords: public pensions, state and local public finance, State and Local Government, Intergovernmental Relations, State and Local Government: Other Expenditure Categories

Suggested Citation

Mattoon, Rick, Issues Facing State and Local Government Pensions. Economic Perspectives, Vol. 31, No. 3, 2007. Available at SSRN:

Rick Mattoon (Contact Author)

Federal Reserve Bank of Chicago ( email )

230 South LaSalle Street
Chicago, IL 60604-1413
United States
312-322-2428 (Phone)

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