August 2018

  • This Week in Pensions: August 31, 2018

    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…

  • John Arnold Meddling in California Politics
    John Arnold

    Over the years, we’ve detailed the many different ways in which John Arnold attacks public pensions nationwide. He has used more than $50 million of his personal fortune to support anti-pension groups like the Retirement Security Initiative; to promote biased…

  • A Firsthand Account of Pension Madness in Kentucky
    Pension madness in Kentucky

    Today’s blog post is a guest post from Ellen Suetholz, the coordinator of the Kentucky Public Pension Coalition. In 2017, she filed an open records request to obtain the suppressed actuarial analysis of an earlier pension bill. She was denied…

  • Income Inequality Causes Retirement Inequality
    retirement inequality

    The goal of a retirement savings plan, like a pension, is to replace a certain amount of pre-retirement income during retirement. In earlier periods of American history, many elderly citizens spent their last years in desperate poverty with little savings…

  • This Week in Pensions: August 17, 2018

    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…

  • More Americans Are Going Bankrupt in Retirement
    Retirement Security Initiative

    The move away from pensions and toward 401(k)s has gutted retirement security for many Americans. Defined contribution plans, like 401(k)s, are risky and unreliable and disproportionately benefit the wealthy. An increasing number of Americans are entering their golden years with…

  • Kentucky’s Cash Balance Plan Fails Teachers
    Kentucky pensions

    We’ve written many times about the rushed and potentially unconstitutional process Kentucky legislators used to pass SB 151, the stinking anti-pension bill. While the battle is still playing out in the courts over whether the bill was passed constitutionally, we…

  • This Week in Pensions: August 10, 2018

    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…

  • How Women Miss Out on Retirement Savings

    Women are more likely than men to be in poverty during retirement. There are multiple causes for this. Women live longer than men, so they simply have more years of retirement to finance. Also, women typically have less in retirement…

  • Retirement Savings Obstacles for Millennial Black Women
    retirement savings

    Last week we wrote about the challenges facing black women in saving for retirement, but how many black women benefit from public pensions and the security they provide. Retirement insecurity is a problem for black women of all ages, but…

  • This Week in Pensions: August 3, 2018

    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…

  • Pensions Help Black Women Achieve a Secure Retirement
    pensions

    August 7, 2018 is Black Women’s Equal Pay Day. This is the day in the year when black women finally catch up and earn as much as white men earned in the previous year. Since black women only earn 63…