The Defined Benefit

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  • Millennial Public Employees Want Pensions!
    public pensions

    Millennial public employees recognize that pensions are an important aspect of their retirement security. According to a report from NIRS, 71% of them say they would be more likely to leave their jobs if their pensions were cut. Ninety-two percent…

  • What Bellwether’s New Report Gets Wrong About Pensions
    public pensions

    Last month, Bellwether Education Partners published a misleading new report ranking teacher pensions in every state across America. Not surprisingly, given the organization’s past advocacy against pensions, the report is littered with falsehoods and inaccurate information about pensions’ ability to…

  • Public Employee Stories: September 21, 2021

    Public employees across the nation give back to their communities in extraordinary ways every single day. From donating to food banks to helping their neighbors and protecting their communities, public employees have always been there when their community needs them…

  • Three Reasons Why Pensions Are Portable

    One of the biggest misunderstandings about public pensions is that if one leaves public service before they retire, then they cannot take their pension benefits with them. This belief is usually mentioned by those who say defined-contribution accounts like 401(k)s…

  • Public Employee Stories: September 9, 2021

    Public employees across the nation give back to their communities in extraordinary ways every single day. From donating to food banks to helping their neighbors and protecting their communities, public employees have always been there when their community needs them…

  • How Financial Asset Inequality Threatens Retirement Security
    when to retire

    Last week, the National Institute on Retirement Security (NIRS) released a report that shows how financial asset inequality contributes to the retirement security crisis.  NIRS’s research examined the ownership of financial assets by class and race among the members of…

  • The High Cost of Elder Care is an Intergenerational Crisis

    In a recent article for Vox, a woman named Laura shared how becoming a caregiver for her two aging parents depleted her finances. At first, Laura thought that she could afford to care for her parents because she worked as…

  • How Are Pension Benefits Calculated?
    public pensions

    Today, we are re-sharing this blog post originally published on June 30, 2016.  Defined-benefit pensions are the most secure and reliable way to provide retirement security for working families. The key feature of pensions is that they pay a guaranteed…

  • Public Employee Stories: August 24, 2021

    Public employees across the nation give back to their communities in extraordinary ways every single day. From donating to food banks to helping their neighbors and protecting their communities, public employees have always been there when their community needs them…

  • How Pensions Guarantee Teachers a Secure Retirement
    teacher pensions

    The month of August is when teachers and school personnel across the country prepare to head back to school. As these valuable members of our communities get ready for another school year, we can do one thing to thank them…

  • Public Employee Stories: August 17, 2021

    Public employees across the nation give back to their communities in extraordinary ways every single day. From donating to food banks to helping their neighbors and protecting their communities, public employees have always been there when their communities need them…