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Unfortunately, we know that defined benefit pensions have been declining rapidly in the private sector. And we know that some irresponsible politicians and anti-pension ideologues are trying to gut pensions in the public sector. What we didn’t know until recently…
If you’re reading this blog, you may have noticed we’ve made some changes. New URL, new look, new feel; same work to tell the truth about pensions and protect a safe and secure retirement for working families. You’ll find several…
Tomorrow is Halloween. Children across the country will be going door-to-door asking “trick or treat” to their neighbors. Public workers, however, are getting more tricks than treats from the pension ghouls haunting the debate over retirement security for working families.…
The largest pension system in Arizona funds a safe and secure retirement for employees of state agencies, public schools and universities, county employees and many city employees around the state. For the more than half a million active members and…
It’s now the end of National Save for Retirement Week. Hopefully this week you’ve thought some more about how pensions provide the safest and most secure retirement for working families. Unfortunately, when public pensions are cut by irresponsible politicians, those…
We’re in the middle of National Save for Retirement Week. As we indicated in Monday’s blog post, this week is often used by Wall Street banks and other financial interests to promote participation in defined contribution 401(k) plans. One of…
This week is National Save for Retirement Week. Established by an act of Congress in 2006, this week is intended to raise awareness and promote participation in employer-sponsored retirement savings plans. We at the National Public Pension Coalition believe every…
Although Oklahoma has well-performing public pensions that follow the nationally recognized best practices for pension plans, it has still been a battleground for public pensions the past several years. The conservative state legislature has considered a number of bills over…
In today’s post, we continue to shine a spotlight on right-wing politicians and anti-worker ideologues who are leading the charge to gut public pensions. Today’s subject is Illinois governor Bruce Rauner. While relatively new to the office and without the…
We’ve written before about John Arnold, the former Enron energy trader turned hedge fund billionaire, who has made it his mission to gut public pensions across the nation. We’ve also highlighted one of his notable failures: his single-handed attempt to…
Many people don’t understand how pensions work – unlike the loyal readers of ‘Defined Benefit’ – so here’s a short primer on how pensions get their money. Typically, it is from three sources: employee contributions, investment returns, and employer contributions.…
Pensions provide retirement security to many workers, but one group that particularly benefits from the security of a reliable pension is women. On average, women in the U.S. make 78 cents for every $1 a man makes. This pay inequity…