The Defined Benefit

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  • What is a Discount Rate and Why Does It Matter?

    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…

  • How Many Tax Dollars Go to Public Pensions?
    tax reform

    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,…

  • Equal Pay Day and Retirement

    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.…

  • State Pension Update 2016: Wyoming

    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…

  • Pensions: a Grand Slam for Retirement Security

    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;…

  • State Pension Outlook 2016: Louisiana
    Louisiana

    [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…

  • Retirement Security Often Overlooked in Conversation Around Teacher Shortage

    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…

  • Puerto Rico, Pensiones y Los Fondos Buitre

    Puerto Rico está experimentando una crisis de deuda. Esta crisis ha afectado a la isla desde hace años y es evocadora de otras crisis de deuda como en Detroit, Grecia y Argentina. Hoy en día, vamos a ver un aspect…

  • Puerto Rico, Pensions, and Vulture Hedge Funds

    Puerto Rico is currently experiencing a debt crisis. This crisis has plagued the island for years and is reminiscent of other debt crises in Detroit, Greece, and Argentina. Today, we will look at one often overlooked aspect of Puerto Rico’s…

  • March Madness: Pensions Are a Slam Dunk for Retirement

    The NCAA men’s and women’s basketball tournaments kicked off last week. As always, there were major upsets as underdogs beat expectations and high-seeded teams lost earlier than expected. While March Madness is sweeping the nation, we here at NPPC are…

  • State Pension Update, Spring Break Edition: Florida

    Many colleges and universities are on spring break this week. Students from across the country will be flocking to Florida’s beaches to take a break from school and soak up the sun. While these students may be able to enjoy…

  • Student Loan Debt Reduces Retirement Security

    The amount of student loan debt has increased significantly in the last decade. A study by Experian found that student loan debt had risen 84 percent from 2008 to 2014. A new report reveals the threat this poses to retirement…