People are living longer. Is this one of the contributors to the pension crisis?

Yes, the fact that life expectancy has grown from 62.9 years in 1940 to 78.8 years today contributes to pension debt since many retirees will draw retirement benefits longer than they actually worked. However, other factors play a larger role in the pension problem, such as underfunding of the pension system by the General Assembly over the years and investment losses experienced by the pension systems.