June 2017

  • This Week in Pensions: June 30, 2017

    Welcome to the latest edition of This Week in Pensions! As we do most weeks, 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…

  • The Shift to 401(k)s Has Decimated Retirement Savings
    Retirement savings decimated

    Long time readers of Defined Benefit know that 401(k)-style defined contribution plans have largely failed working families. Defined contribution plans are a poor substitute for defined benefit pension plans and as the private sector has shifted from pensions to 401(k)s,…

  • Retirement Security is Particularly Challenging for Latino Workers
    Latino retirement security

    Many Americans struggle to save for retirement. As we’ve discussed before, roughly half of working Americans do not have access to a retirement savings plan through their employer. Even for those who do have access, many are contributing too little…

  • Josh McGee: Playing Both Sides in Houston
    Arnold-Texas-Tracker

    During its legislative session this year, the Texas Senate confirmed Josh McGee as the Chairman of the Texas Pension Review Board. This should concern everyone who cares about the retirement security of public employees in Texas because McGee is also…

  • This Week in Pensions: June 16, 2017

    Welcome to the latest edition of This Week in Pensions! As we do most weeks, 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…

  • States Will Be Hit Hard by Cuts to Federal Employee Pensions
    Federal employee retirement

    In his 2018 budget proposal unveiled last month, President Donald Trump proposed attacks on the pensions of federal employees. We wrote about how harmful these cuts would be to the retirement security of federal employees. However, these proposed cuts would…

  • Repeal of Dodd-Frank Threatens Americans’ Retirement Security
    Retirement

    Last week, the U.S. House of Representatives voted to repeal stringent Wall Street regulations included in the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. Immediately after his election in November of last year, President Trump pledged to repeal…

  • Kansas Ends Its Disastrous Experiment with Tax Policy

    If you felt the ground shaking last week, there’s a reason why: the Kansas state legislature caused a political earthquake by rejecting Gov. Brownback’s disastrous, failed tax policy. In 2012, the Kansas legislature passed Brownback’s extreme right-wing tax plan, something…

  • This Week in Pensions: June 9, 2017

    Welcome to the latest edition of This Week in Pensions! As we do most weeks, 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…

  • Public Pensions Benefit Small, Rural Communities in Louisiana
    Public pensions

    Public pensions generate significant economic activity in cities and states across the nation. Public workers and their employers contribute to the pension fund and those pension funds earn a meaningful return on their investments. That money goes back into the…

  • Oklahoma’s Legislative Session Ends Not With a Bang, But a Whimper

    The Oklahoma state legislature adjourned its 2017 legislative session on May 26. In many ways, what was remarkable about the 2017 session was how little got accomplished. For public pensions in Oklahoma, the session was largely a win, except for…

  • How Can We Honor Public Employees? By Protecting Their Pensions.

    When it comes to honoring the hard work of America’s public employees, the entire month of May was a veritable commemoration of their service. From International Firefighters Day to Emergency Medical Services week, May was host to a plethora of…