The Defined Benefit

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  • The Pension Protection Act Decreased Retirement Security

    In August, we wrote about the decline of traditional pensions in the private sector. One of the major reasons for private companies abandoning pensions was a series of laws beginning in the 1980s and culminating in the Pension Protection Act…

  • Protecting Public Pensions in Michigan

    Anti-pension ideologues in the Michigan legislature have wanted to gut public pensions there for a long time, especially pensions for teachers. This year, they attacked teachers’ retirement security during the lame duck legislative session, but they were defeated by the…

  • Retirement Savings Lessons from the United Kingdom

    The United States faces a retirement savings crisis. Just over half of all workers don’t have access to a retirement savings plan through their employer. Most working families, even near-retirement age households, have very little saved for retirement. The United…

  • Will President Trump Address the Retirement Savings Crisis?

    Now that Donald Trump is settling in as the president-elect, he is beginning to outline the priorities for his administration. As with many issues regarding Trump, it is hard to say for sure where he stands on Social Security, public…

  • The True Value of a Pension

    It’s that time of year again. On Thursday families across the country will gather to overindulge on turkey and pumpkin pie while trying desperately to steer clear of any mention of politics. Despite the tumultuous events of the past year,…

  • Pensions Are the Solution to the Retirement Crisis
    retirement age public pensions

    It’s increasingly obvious that there is a retirement savings crisis in the United States. At any given time, half of working Americans don’t have access to a retirement savings plan through their employer. Even workers who do have an employer-sponsored…

  • San Jose Pension Victory: Measure F Passes!

    Last week’s election results were unexpected, to say the least. Few people projected Donald Trump to win the presidential race. While we’ve expressed doubts about Trump’s commitment to retirement security for working families, much is still uncertain about the future…

  • Pensions and Retirement: 2016 Election Preview

    Next Tuesday, November 8th, is Election Day. The marquee event of Election Day will be the presidential election between Donald Trump and Hillary Clinton. We’ve written about both candidates and what their elections could mean for pensions and your retirement.…

  • Haunted House of Pension Horrors: 2016 Edition

    Today is Halloween. Last year we took you on a tour through the Haunted House of Pension Horrors. Once again the frightening specter of threats to public pensions has returned, so on this most spooky of nights, let’s behold the…

  • Retirement Preparedness Saves Everyone Money

    We here at NPPC love pensions because they provide working families with a reliable and secure source of income in retirement. By contributing to their pension with a portion of every paycheck, public employees are earning deferred compensation that will…

  • How Pensions Provide Retirement Security

    This is National Retirement Security Week. Typically, this week is used by the private investment industry to promote their products, such as 401(k)s, that provide little in the way of actual retirement security for working families. On Monday, we documented…

  • It’s National Retirement Security Week 2016!

    It’s the third week of October and that means it’s National Retirement Security Week! Formerly called “National Save for Retirement Week”, this week is intended to promote retirement savings to the American public. This week is established by a U.S.…