National Association of State Retirement Administrators


Pension Reform

To accommodate changing needs and fiscal landscapes, 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. Many states have made such changes more than once. 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.

States Enacting Major Pension Reform Since 2007

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