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Their findings, however, imply that many state and local governments may be able to spend more than assumed on improving their educational systems and economically important infrastructure.
“Given other demands, fully funding their pension plans might not be the right thing for state and local governments,” Sheiner said in an interview with The Brookings Institution. “They should compare the benefits of upping their pension investments with the benefits of investing in their people.”
Author(s): Jamie Lenney, Byron Lutz, Finn Schüle, Louise Sheiner
Publication Date: 24 March 2021
Publication Site: Brookings