The Defined Benefit

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  • Someone to Answer the Call: Pensions are Crucial to Bolstering Public Safety

    Every day, we rely on some of our most visible public employees–firefighters, police officers, and emergency medical responders–to ensure our safety. We often take for granted that a trained professional will answer our call for help or that a team…

  • Did You Know NFL Players Earn a Pension?

    Summer is ending, and for some, this is tragic news. Soon, it will be time to bust out the leaf blowers and the snow shovels. However, as football season approaches, this is a time of pure joy for football fans. …

  • Creating a Fake Crisis: When Pension Opponents Stir the Pot

    Earlier this summer, the conservative editorial magazine National Review published a piece authored by Dominic Pina entitled Republicans Need to Promise Now: No State Pension Bailouts. The politics and policy story in this notorious right-wing publication (founded by noted segregationist…

  • Going for the Gold in Retirement

    The 2024 Summer Olympic Games are in full swing in Paris, France. Just a week into the games, Simone Biles has become the most decorated Olympic gymnast in history with the U.S. women’s gymnastics team’s gold medal performance. She is…

  • Bringing Pensions Back!

    Contrary to what you might hear from pension opponents, pensions are making a comeback. Once considered a relic of the past, traditional defined benefit (DB) pensions are experiencing a resurgence as states and cities across the country reinstate and bolster…

  • The Inequity Trap: How 401(k)s Drive Earning Gaps Between Workers

    A new study from Vanguard outlines a predictable yet troubling reality: The vast majority of employer contributions to 401(k) plans benefit higher-income employees rather than their working-class counterparts. The study, conducted by economists from MIT, Yale, and the U.S. Census…

  • High Pension Stakes in the Great Lakes State
    mackinac bridge

    Michigan has a pension problem. The complicated history between the state legislature and the state’s defined benefit pension systems has contributed to public sector employee shortages, including education, public safety, public works, and other state and local government positions. But…

  • 2024 State Legislative Highlights

    Many state legislatures have come to a close, and it is apparent that the conversation around pensions is on the upswing. After years of attacks on, reforms to, and closures of state pension systems have ultimately led to worker retention…

  • The Value of Public Pensions: Why They Matter for Younger Workers

    Anti-pension opponents and lawmakers often repeat some versions of the refrain ‘Young workers aren’t interested in pensions.’ But who are they asking? Is this anecdote grounded in data? Do young people even know the difference between a pension and a…

  • Celebrating Public Service

    Public Service Recognition Week, celebrated the first full week of May since 1985, is a time to honor the public employees who serve communities across the country as federal, state, county, local, and tribal government workers. Their work impacts all…

  • Happy International Workers’ Day

    “Eight hours for work, eight hours for rest, and eight hours for what you will.”  It might seem preposterous that an eight-hour workday ever had to be fought for. But like every other labor victory in America, this right to…