The Defined Benefit

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  • Public Pensions Greatly Benefit Rural Areas
    public pensions

    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…

  • Latinos and Retirement Insecurity: a Closer Look
    retirement insecurity

    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…

  • Race Impacts Earnings, Wealth, and Retirement Security
    retirement security

    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…

  • How Public Pensions Benefit State Economies
    public pensions

    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…

  • Public Pensions Continue to Support Local Economies
    public pensions

    The National Institute on Retirement Security (NIRS) released the most recent update of their Pensionomics report this month. Released every two years, Pensionomics assesses the impact that public pensions have on local, state, and national economies. This year’s report finds…

  • Federal Employees, Retirement, and the Government Shutdown
    Federal employee retirement

    Today marks the 24th day of the partial shutdown of the federal government. As the shutdown drags on, the effects are becoming more widespread. Some of those most significantly impacted are federal employees who have either been furloughed or forced…

  • Reviewing the Basics of Public Pensions
    public pensions

    Across the country, new governors and state legislators are being sworn into office this month. Many of these policymakers will cast votes and make decisions regarding public pensions during their time in office. New legislators often enter office with little…

  • 2019: The Year Ahead for Public Pensions
    public pensions

    A new year is upon us and state legislatures will begin their new legislative sessions as early as this week in some states. Following last year’s midterm elections, we expect this year will be a very active year for state…

  • Grateful for Public Employees and Their Retirement Security
    public employees

    During this holiday season, many people are fortunate to enjoy winter vacations and travel to spend time with family and friends. For many public employees, however, their work does not stop for the holidays. Every year, there are thousands of…

  • Kentucky Pensions and the Shortest Special Session
    Kentucky pensions

    Kentucky and its public pensions are often in the news and this year has been no exception. In just the past two weeks, the Kentucky Supreme Court unanimously struck down the hurriedly passed pension-gutting bill, SB 151, and then Governor…

  • Same Old Story in West Haven
    Utah pension changes

    Earlier this week, the article West Haven PD, losing officers, pleads with city to return to a traditional pension plan was published in the New Haven Register. The article details how ten years after the city switched the police department…

  • Take Note From Minnesota
    The pension crisis is a myth

    Bipartisanship. It’s rare these days, isn’t it? No matter which side of politics you’re on over the border wall, health care, climate change, or anything for that matter, it’s tough these days to come together and hash out a deal.…