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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…
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.…
Can states and localities manage their pension obligations? The answer, according to the Center for Retirement Research, is yes. In a new brief released earlier this month, researchers at CRR assess the true costs of pensions, other post-employment benefits (OPEBs), and…
Tonight is the vice presidential debate for the 2016 campaign. While it certainly lacks the hype of the first presidential debate last week, tonight’s debate should be an opportunity for substantive discussion between two experienced politicians. Both Tim Kaine and…
Earlier this week the Milwaukee Journal Sentinel published a lengthy article about state and local government obligations to retirees in Wisconsin. Much of the article focused on the costs of retiree health care obligations. The article was generally positive when…
Last night was the first presidential debate between Donald Trump and Hillary Clinton. With just over a month to go, the presidential campaign is as close as it has ever been. We’ve written fairly extensively about Donald Trump and what…
It’s a tough time for Kentucky’s public pensions. According to one recent report, Kentucky has the most poorly funded public pensions in the country. In his budget this year, first-term governor Matt Bevin moved to increase funding for the commonwealth’s…
State and local public pensions generate significant amounts of economic activity nationally each year. In 2014, state and local public pension plans paid $253 billion to 9.6 million retirees and their beneficiaries. These pension benefits helped to support over 3.4…
It turns out the secret to a strong public pension system isn’t a secret at all: fully funding the pension every year is the most important thing cities and states can do to have a strong public pension system. Today…
Every American who works hard and plays by the rules should be able to retire with security and dignity. Defined benefit pensions make that possible. Learn how pensions provide the most secure retirement for millions of working people, in 60…