The Evolution of Public Sector Pension Plans in the United States

Robert L. Clark, Lee A. Craig and Neveen Ahmed

in The Future of Public Employee Retirement Systems

Published in print August 2009 | ISBN: 9780199573349
Published online February 2010 | e-ISBN: 9780191721946 | DOI:
The Evolution of Public Sector Pension Plans in the United States

More Like This

Show all results sharing this subject:

  • Public Management and Administration


Show Summary Details


Municipal governments in the United States began offering retirement plans for their workers in the mid-nineteenth century, and state governments followed in the early twentieth century. As these plans matured, they confronted economic, social, and political challenges, including the creation of the Social Security system, which subsequently shaped their structure, governance, and generosity. After reviewing this history, the authors employ data from all fifty states to estimate a pension benefit equation for hypothetical workers and explain differences in the generosity of plans across states and types of workers covered. The authors show that population growth, plan funding, union representation, and participation in Social Security influenced the generosity of the plans.

Keywords: pension history; pension funding; Normal Retirement Age; Social Security; replacement rates; Survey of State Pensions; union representation

Chapter.  11291 words.  Illustrated.

Subjects: Public Management and Administration

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.