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We’ve discussed many times on this blog how the shift from defined benefit pensions to 401(k)-style defined contribution plans has decimated retirement security for a generation of working families. The true depths of the retirement savings crisis are quite alarming.…
Today NPPC released a new report titled Oregon PERS Must Be Protected. The report considers the history of the Oregon Public Employees Retirement System (PERS) and the changes that have previously been made to it. The report then examines the…
This week the Kentucky Supreme Court will hear the case regarding SB 151, the pension-gutting law that was hurriedly passed earlier this year. This case is an appeal of the ruling of Franklin County Circuit Judge Phillip Shepherd that struck…
What happens when a state abandons its defined benefit pension for a riskier, 401(K)-style plan? Taxpayers lose – According to the National Institute on Retirement Security, “for a given level of retirement income, a typical 401(k) plan costs 91% more…
This month, the National Public Pension Coalition (NPPC) celebrates its 11th anniversary of fighting for the retirement security of working families. We have seen some great victories and some painful defeats in the fight to protect pensions. The past eleven…
The 2018 NFL season kicks off tonight with a “battle of the birds” between the Atlanta Falcons and the reigning Super Bowl champions, the Philadelphia Eagles. As Americans once again tune in to the nation’s most popular sport, we thought…
Students are back in school all across the nation now. While many students returned at some point in August, the Tuesday after Labor Day traditionally marks the first day of school in much of the country. With eager students once…
Over the years, we’ve detailed the many different ways in which John Arnold attacks public pensions nationwide. He has used more than $50 million of his personal fortune to support anti-pension groups like the Retirement Security Initiative; to promote biased…
Today’s blog post is a guest post from Ellen Suetholz, the coordinator of the Kentucky Public Pension Coalition. In 2017, she filed an open records request to obtain the suppressed actuarial analysis of an earlier pension bill. She was denied…
The goal of a retirement savings plan, like a pension, is to replace a certain amount of pre-retirement income during retirement. In earlier periods of American history, many elderly citizens spent their last years in desperate poverty with little savings…
The move away from pensions and toward 401(k)s has gutted retirement security for many Americans. Defined contribution plans, like 401(k)s, are risky and unreliable and disproportionately benefit the wealthy. An increasing number of Americans are entering their golden years with…
We’ve written many times about the rushed and potentially unconstitutional process Kentucky legislators used to pass SB 151, the stinking anti-pension bill. While the battle is still playing out in the courts over whether the bill was passed constitutionally, we…