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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.…
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…
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…
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…