Today, NPPC proudly launches “Pensions on Main Street,” which is dedicated to making the voices of current and retired public employees heard. Public pension benefits are spent in local communities around our country each and every day, supporting local jobs and businesses.
This new section of our website will highlight the stories of current and retired public employees and how they give back to their communities. Along with these stories, we’ll showcase the opinion pieces being run across the country that show the economic benefits of public pensions.
In March of this year, we released our Pensions on Main Street video which was the start of our campaign to highlight how public pension spending is essential to economies across our country.
Here are some facts about how pensions have a positive effect on local economies:
- Public pensions are huge revenue generators – in 2016, they created $137 billion in tax revenue on top of what taxpayers invested.
- Every single dollar a retiree receives from a pension creates $2.13 in economic activity. That translates to $1.2 trillion dollars nationwide.
- 7.5 million American jobs are supported by pension spending.
- Public pensions cost 48% less to manage than 401(k)s.
It’s clear that public pensions mean economic growth, jobs, and strong communities. To learn more, be sure to follow us on Facebook, Twitter, and subscribe to our blog (insert link). If you want your story to be heard, please click here and we’ll be in touch.