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All in all, 2016 was a good year for public pensions. States and cities chose to protect and preserve their defined benefit pension plans and the city of Palm Beach, FL, moved back to a defined benefit plan from an…
Around this time of year, many children- and some adults- are very concerned about whether they made it onto the naughty or nice list of a jolly old man who lives up north. Here at NPPC, we also keep a…
Often when we talk about public pensions, we focus on the individual teacher, firefighter, or other public employee who earns a secure retirement through their pension. That is certainly one of the best features of defined benefit pensions: workers know…
As we’ve written about on this blog, the prevalence of defined benefit pensions has declined in the private sector and this has hurt working families. In the public sector, though, defined benefit pensions remain quite common. According to a recent…
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…
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…
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…
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…
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,…
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…
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…
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.…