This week, the National Public Pension Coalition released a new report titled Why Pensions Matter, a comprehensive examination of the origins and importance of public pensions. The report examines how public pensions have developed over time, as well as the ways in which pensions help to combat a growing retirement crisis in Louisiana and throughout the United States.
This report emphasizes that the need for public pensions is not new, and, in fact, dates back to the New Deal Era as states sought out ways to provide a secure retirement for their public employees. Today, hardworking public employees must be afforded the same benefits.
According to Louis Reine, President of the Louisiana AFL-CIO:
“Our public pensions not only make sure those who dedicate their lives to public-service have a secure retirement, our retirement systems are a major driver of our economy across the state. This report is just one more piece of evidence that our public pensions are driving our economy and are a great investment for our taxpayers.”
To read the Why Pensions Matter report, click here.