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Iowa is fortunate to have a strong public pension system. The Iowa Public Employees’ Retirement System (IPERS) provides pensions to teachers, firefighters, and other public employees throughout the Hawkeye State. In fact, one in ten Iowans is a member of…
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…
As we’ve discussed before, President Trump proposed devastating cuts to the retirement benefits of federal employees in his 2018 budget request. This far-reaching and unnecessary attack would undermine the retirement security of current and future federal employees. While Trump sticks…
Since the Great Recession in 2008, warnings of an impending pension crisis have been splashed across the business pages of newspapers across the country. Despite these boisterous decrees, America’s public pension funds are stable. We explore the roots behind the…
Yesterday Michigan Governor Rick Snyder signed legislation– SB 401– that weakens the retirement security of the state’s public school employees. This newly-signed legislation continues a long running saga of attacks on the pension benefits of Michigan’s public employees. While SB…
Since the Great Recession in 2008, warnings of an impending pension crisis have been splashed across the business pages of newspapers across the country. Despite these boisterous decrees, America’s public pension funds are stable. We explore the roots behind the…
When pension benefits are cut, public employees and retirees are hurt. In the past decade, every state has made changes to its public pension systems, some more significant than others. Teachers, firefighters, and other public employees have been asked to…
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…
As we discussed last week, the evidence continues to grow that 401(k)s and other defined contribution plans do not provide a secure retirement for working families. Despite this mounting evidence, some have pushed for more contributions to 401(k)-style plans, as…
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…
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,…
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…