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As we explained last week, 2016 has been a good year so far for pensions in state legislatures across the country. However, states aren’t the only ones choosing to protect their workers’ retirement security by protecting pensions. Cities are also…
Public pensions have a complicated and increasingly strained relationship with hedge funds. While many pensions have increased their investments in hedge funds and other alternative assets, other pensions are turning away from these funds and looking for less expensive investments.…
By this point in the year, many state legislatures have either already finished their 2016 session or will conclude within the next couple weeks. For working families and retirees, the news has been mostly good so far. Legislatures in several…
[This post was updated in August 2016 to reflect new developments.] Donald Trump is now the Republican presidential nominee. After his decisive victory in the Indiana Republican primary, his two remaining rivals- Texas Sen. Ted Cruz and Ohio Gov. John…
The full retirement age for Social Security is gradually moving from 65 to 67. Some politicians want to raise it even higher. Additionally, some people say the solution to America’s retirement security crisis is to work longer. For many workers,…
Over the past thirty years, pensions have almost disappeared in the private sector. Fortunately, pensions are still fairly common in the public sector, but even there, they are under attack. This decline in the availability of pensions represents a shift…
Today is National Teacher Appreciation Day. Here at NPPC we appreciate teachers everyday and the valuable contributions they make to our communities. However, today, let’s take a look at how teachers benefit from the security of a defined benefit pension.…
We’ve written before about where public pensions get their money: the employer and the employee both contribute to the pension fund, that money gets invested, and the investment returns provide the majority of money used to pay retirement benefits to…
This week a group of dedicated retirees in Michigan descended on Lansing to stand up for the retirement of their younger counterparts by lobbying their legislators to protect pensions. We often cite Michigan as an example of a state that…
Pensions often seem confusing because there are a number of technical details associated with them. While actuaries and economists may enjoy debating the finer points of these technical matters, most workers and retirees just want to know if their pension…
With Tax Day right around the corner, we thought this would be an appropriate time to answer the question: how many tax dollars go to public pensions? As we’ve written before, public pensions receive funds from three sources: employer contributions,…
Today is Equal Pay Day. This represents how far into 2016 a woman would have to work to earn what a man got paid in 2015 alone. On average, American women earn 79 cents for every dollar a man makes.…