Vancouver’s pension costs, expressed as a percentage of revenue, were the lowest among 173 cities in a national study by the Center for State and Local Government Excellence.
In its study, “Gauging the Burden of Public Pensions,” the Washington, D.C., nonprofit organization wanted a more comprehensive look at how much residents pay for pensions in relation to other government costs.
To achieve that, researchers considered state and local pension costs for school districts within city limits as well county pension costs. Related portions of school district and county budgets were added to the city budget to calculate a total city revenue base.
“This approach is interesting, because the future of cities is a crucial concern, and it is important because focusing solely on city plans ignores a large percentage of the pension costs borne by city taxpayers,” the study said.