The Defined Benefit

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  • Public Employee Stories: July 27, 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…

  • New Research Shows Millennials and Generation X Have Increased Concerns About Their Retirement Security

    On Monday, the National Institute on Retirement Security (NIRS) released the findings of a new poll that revealed millennials and members of Generation X are more worried about their retirement security after the pandemic-induced economic crisis.  The study illustrated that…

  • Why We Write About Public Employee Stories

    A little over a year ago, we at NPPC embarked on a journey to write about public employees giving back to their communities in extraordinary ways during the coronavirus pandemic. Since then, we’ve collected 500 stories from small and major…

  • Government Employees Benefit from Financial Literacy Programs

    One advantage of defined-benefit pensions is that employees do not have to individually manage their retirement accounts – instead, pension funds are managed by finance professionals with deep knowledge of the market and years of experience. And, because of a…

  • Public Employee Stories: July 13, 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…

  • ProPublica Reveals How the Wealthy Use Roth IRAs to Avoid Paying Taxes
    Tax Day and public pensions

    The dream of a secure retirement is out of reach for most Americans. Fifty-seven percent of workers do not have anything saved for retirement. Voters across party lines overwhelmingly agree that the nation faces a retirement security crisis.  However, the…

  • Public Employee Stories: July 6, 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…

  • State Pension Recap: 2021 Sessions, Part Two

    Following last year’s shortened legislative sessions due to the coronavirus pandemic, state legislators across the country returned to work full legislative sessions in 2021. Today we’re going to share the most significant actions they made on pensions in part two…

  • Public Employee Stories: June 29, 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…

  • New Research Shows the Advantages of Maintaining Defined-Benefit Pensions
    public pensions

    An updated research brief from the National Conference on Public Employee Retirement Systems (NCPERS) reveals that defined-benefit (DB) plans offer significant advantages for public employees, employers, and taxpayers over defined-contribution plans (DC) plans.  Below, we summarize three significant findings from…

  • Public Employee Stories: June 22, 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…

  • New TV Special Reveals How 401(k)s Have Perpetuated the Retirement Security Crisis
    when to retire

    Retirement experts estimate that a worker will typically need to save at least $1 million to maintain their standard of living in retirement. However, many are far from meeting that goal. According to the Federal Reserve, 25% of U.S. adults…