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Earlier this week, I wrote about the economic efficiency of pensions in providing retirement income to individual workers. Defined benefit pensions have many advantages that make them more cost efficient than 401(k)s. Beyond the advantages for the individual saving for…
Late last year, the National Institute on Retirement Security re-released a report on the economic efficiency of defined benefit pensions. This updated report, titled “Still a Better Bang for the Buck”, finds that pensions remain a more efficient and reliable…
Due in large part to low levels of wealth, black households are much less likely than their white counterparts to have substantial retirement savings. And while black wealth has fallen in recent years, access to well-funded defined benefit pension plans…
Most Americans count on Social Security as a significant piece of their retirement plan. For some, it will be a nice supplement to their pension or their personal savings; for others, it will be their entire retirement benefit. The nation…
Pensions are a promise. In fact, pensions are a form of deferred compensation. Public sector employees- such as teachers, firefighters, and nurses- accept lower salaries during their working years in exchange for monthly contributions from their employer toward their pension.…
Unfortunately, Kentucky and its public pensions have been in the news a lot lately. I say unfortunately because Kentucky’s pensions do suffer from a real underfunding problem and the state just elected a new governor who campaigned on gutting those…
Today’s blog post was written by our intern Jennifer: Like most public employees, my father has dedicated his life to helping others. His passion for service propelled him to pursue a career as a police officer in Muncie, Indiana. Although…
John Arnold has been all over Bloomberg lately. He was the protagonist of two articles last week. You’ve heard plenty from us about Arnold before. The Bloomberg Business profile didn’t reveal anything new about the anti-pension billionaire other than that…
[rwd imageid=’787′ small=’0′ medium=’600′ large=’1000′ src=’http://protectpensions.org/files/2015/11/Pennsylvania-Pensions-NPPC.png’] As we’ve written before, Pennsylvania faces an ongoing standoff over its budget and at least part of the fight has to do with pensions. Earlier this month, Democratic Governor Tom Wolf and Republican leaders…
If you don’t follow Louisiana politics, then you might be missing out on their exciting and unique electoral politics. Louisiana elects its governor, other statewide officers, and state legislature in off-off-year elections. The candidates for governor all participate in what’s…
Ask any presidential candidate and they’ll tell you that immigration is a major issue in the 2016 campaign. Immigration, however, is not the only issue of concern to the Latino community. Retirement security deserves serious consideration as Latinos have lower…
Today is Friday the 13th, a day typically associated with bad luck. Bad luck is something Carl DeMaio and Chuck Reed know about. For several years now, they have tried to gut the retirement security of California working families with…