The official blog of the National Public Pension Coalition
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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…
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…
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 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…
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…
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…
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 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…
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…
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…
Republican lawmakers in Michigan recently introduced legislation to close the Michigan Public School Employees Retirement System (MPSERS) pension plan. The bills – S.B. 401 and H.B. 4647 – would move all employees hired after September 30 into a defined contribution…