By James Comtois Source: Institutional Investor State and local lawmakers have been looking to make cuts to public pension plans to reduce costs. But new research shows that these potential short-term savings could come at a steep long-term cost. The National Conference on Public Employee Retirement Systems (NCPERS) has found that defined benefit pension plans generate far more in state and local tax revenue than they cost taxpayers. In 2023 alone, pensions generated nearly $662 billion in tax revenues [...]