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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.…
Wyoming concluded its brief 2016 legislative session last month. The 2016 session was brief because it was exclusively focused on passing a budget. The good news for working people in Wyoming is that the legislature maintained its commitment to fully…
Yesterday was Opening Day for Major League Baseball. At this point in the season, teams are full of expectations. The Royals will look to defend their World Series title; the Cubs will look to end a 107 year old drought;…
[rwd imageid=’919′ small=’0′ medium=’600′ large=’1000′ src=’http://protectpensions.org/files/2016/03/Louisiana.png’] The Louisiana legislature began its regular 2016 legislative session this month. This follows an earlier emergency special session called by the governor to address Louisiana’s severe budget crisis. As Louisiana continues to grapple with…
Today NPPC released a new report showing how teacher pensions help alleviate the severe teacher shortage in Oklahoma. The report- “Retirement Security Often Overlooked in Conversation Around Teacher Shortage”- finds that offering the security and reliability of a defined benefit…