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Welcome to the latest edition of This Week in Pensions! As we do each week, we have gathered the best news stories about pensions and retirement security from the previous week. This is the news you need to know in…
At one time, defined benefit pensions were the most common retirement plan for working people. Workers in both the public and private sectors enjoyed the security and reliability of pensions in planning for retirement. These workers knew that if they…
The Democratic Party begins its convention today in Philadelphia. The Democrats will nominate former Secretary of State Hillary Clinton to be their presidential nominee and Senator Tim Kaine to be her running mate. The party will also approve the party…
Welcome to the latest edition of This Week in Pensions! As always, we have gathered the best stories about pensions and retirement security from the previous week. This is the news you need to know in the fight for a…
Public pensions play a major role in state budgets. This also means that the budget and tax decisions made by state legislatures and governors have a big impact on public pensions. In no state is this relationship better demonstrated than…
Today the Republican Party kicks off its presidential nominating convention. The GOP is expected to nominate reality TV star Donald Trump for president and Indiana Governor Mike Pence for vice president. We’ve expressed concern in the past about Trump and…
Welcome to the latest edition of This Week in Pensions! Each week we gather the best stories about pensions and retirement security. This is the news you need to know in the fight for a secure retirement. Here are this…
A new report out this week from the National Institute on Retirement Security offers some new insights about the portability of defined benefit pensions. According to the report, pensions have a fairly high degree of portability. One common criticism of…
The 2008 financial crisis- dubbed “The Great Recession” by many- had devastating consequences throughout the American economy. Public pension plans were among the hardest hit by the Wall Street greed that led to the crisis. Many public pensions suffered steep…
Welcome to the latest edition of This Week in Pensions! After taking a week off, we are back with the latest news in the fight for a secure retirement. As we always do, we have gathered the top stories about…
We’ve written before about how 401(k)s favor the wealthy, but also how pensions can help low-income workers prepare to retire. In general, low-income workers struggle to save for retirement and that is reflected in the large disparity in retirement savings…