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Once there was a time in America when retirement meant enjoying your golden years. It could be taking a long-awaited trip, volunteering in your community, or spending time with the grandkids. Retirement, however, did not mean continuing to work. Unfortunately,…
We’ve spent a lot of time on this blog discussing the plight of working families struggling to save for retirement. It’s a challenge for many Americans to save for retirement with the decline of pensions in the private sector and…
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…
For months now, public employees and retirees in Kentucky have awaited the introduction of a pension bill. Republican legislators have been promising that the introduction of a pension bill is just days away, but they never ended up releasing anything-…
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 is the chief funder of anti-pension activity across the nation. A former Enron energy trader and Wall Street hedge fund manager, Arnold retired in his thirties and has devoted a significant portion of his fortune to attacking public…
We’ve written about the growing retirement security crisis many times. We’re not the only ones to warn about it either. Back in October, the Government Accountability Office issued a significant report on the lack of retirement security for many working…
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…
On Tuesday, we wrote about a new case study examining the experiences of Palm Beach, FL after the town closed its defined benefit pension plan for police officers, firefighters, and other municipal employees. Palm Beach is certainly not the only…
In 2012, Palm Beach, Florida decided to close all of its public pension plans and move current and future employees to a hybrid defined benefit-defined contribution plan. This move gutted retirement security for public employees. In response, Palm Beach experienced…
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…
By now, the story of public pensions in Kentucky has become a familiar one: after years of underfunding by the state government, the public pension plans in the Bluegrass State are among the most poorly funded in the nation. Last…