National Association of State Retirement Administrators

Pension Reform

To accommodate changing needs and fiscal realities, modifications to retirement plan designs and financing structures have a history in state and local government retirement plans. Since 2009, every state has made meaningful changes to their pension plan benefit structures, financing arrangements, or both. These changes are tracked and compiled by NASRA staff; these compilations are accessible on the right-hand side of this page. A key factor in evaluating changes is the extent to which they retain the core elements known to best meet human resource and retirement policy objectives of state and local governments: mandatory participation, shared financing, pooled investments, benefit adequacy, and lifetime benefit payouts.

In addition to the NASRA compilations posted on the right-hand side of this page, through 2013, NASRA also compiled state pension reforms chronicled by the National Conference of State Legislatures. Although this listing is not up-to-date, these compilations present an abundance of information regarding the type and magnitude of pension reforms enacted in each state in prior years.

NASRA Resources
Other Resources