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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…
In the immediate aftermath of the Great Recession and facing pressure from anti-pension ideologues, a number of cities and states passed harmful changes to public pensions. Now those cities and states are beginning to face the consequences of these changes.…
Public pension plans continue to improve their funding levels. This is the big takeaway from the latest plan survey by the National Conference on Public Employee Retirement Systems (NCPERS). Each year NCPERS, a trade association representing more than 500 state…
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…
Many state legislatures have been meeting for a month now. We’re already seeing legislation that would impact public pensions in both positive and negative ways. One group that has been actively attacking pensions is the Reason Foundation. Employees of the…
Retired public employees in Wyoming have not received a cost of living adjustment (COLA) in over a decade. COLAs are necessary to adjust for inflation. The price of almost everything, including food, medicine, and rent, tends to increase over time.…
Tomorrow is Groundhog Day. This is also the time of the year when many state legislatures are beginning their sessions and legislators are introducing bills – some of which attack pensions. To commemorate these two occasions, we are re-posting this…
We’ve been talking a lot this month about the economic benefits of public pensions at both the state and national levels. Through the investment activities of the pension fund and the spending of pension benefits by retirees, public pension plans…
Last week we wrote about the many ways race and ethnicity affect retirement savings. Today, we want to focus more closely on the challenges many Latinos face in saving for retirement. Despite being the fastest-growing demographic group in the United…
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…
It should come as little surprise that the amount a worker earns during their career has a direct impact on the amount they can save for retirement. The higher the earnings, the greater the retirement savings. The same is true…
Last week we wrote about the new Pensionomics report from the National Institute on Retirement Security (NIRS). The report examines how public pensions benefit the national economy by supporting local jobs and stimulating economic activity. The Pensionomics report also contains…