Missouri’s public pension plans are an important component of state employment. These plans contribute to the retirement security of state employees and influence who enters public service and how long they remain. They also are critically underfunded. As of 2013, national research shows that state defined benefit public pension plans are underfunded by approximately $4.1 trillion. On average, state pension plans are only 39 percent funded.

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About the Author

Erin Hawley

Erin Morrow Hawley is an Associate Professor of Law at the University of Missouri.