![]() Yet, instead of citing such a shortfall as reason to end expensive tax cuts and subsidies, conservative activists and lawmakers are citing it as a reason to slash retiree benefits.įinding: The amount states and cities spend on corporate subsidies and so-called tax expenditures is far more than the pension shortfalls they face. That has helped create a real but manageable pension shortfall. ![]() ![]() They have used funds that were supposed to go to pensions to instead finance expensive tax cuts and corporate subsidies. States and cities have for years been failing to fully fund their annual pension obligations. Here is a summary of the report’s findings:įinding: Conservative activists are manufacturing the perception of a public pension crisis in order to both slash modest retiree benefits and preserve expensive corporate subsidies and tax breaks. This report evaluates both the general state of the national debate over pensions and the specific effects of the partnership between the Pew Charitable Trusts’ Public Sector Retirement Systems Project and the Laura and John Arnold Foundation. ![]() Download a copy of "The Plot Against Pensions" report. ![]()
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