The Defined Benefit

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  • The Hidden Cost of Reducing Pension Benefits: Increased Income Inequality

    In a previous post, we discussed the consequences for states that abandoned their pension plans. But gutting defined benefit pensions has consequences beyond unstable funding and decreased retirement security. A recent report by the National Conference on Public Employee Retirement…

  • Three States that Abandoned Their Pensions- And Suffered the Consequences

    We all know that pensions provide a safe and secure retirement for public employees in a cost-effective way. In many states, though, anti-pension ideologues and politicians try to sell pension “reform” as a way to save money for the state.…

  • Welcome to Defined Benefit!

    Happy Labor Day! Today as a nation, we celebrate and remember the contributions of workers to the prosperity and well-being of our country. The working people and their families that comprise the National Public Pension Coalition are fighting hard every…