Pension Income Contributed $1.5T to US Economic Output in 2022
By Matt Toledo Source: Chief Investment Officer More than $680 billion in pension benefits were paid to 26.3 million beneficiaries in 2022, according to new researchfrom the National Institute on Retirement Security’s “Pensionomics 2025” report, which quantified the economic impact of defined benefit pension expenditures. “Virtually every state and local economy across the country benefits from the spending of pension checks,” wrote the report’s authors, NRIS Executive Director Dan Doonan and Ilana Boivie, an assistant director of strategic resources [...]