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In 1981, during the dictatorship of General Augusto Pinochet, Chile radically reformed its pension system. It changed from a traditional public pension system to a system of mandatory individual retirement accounts. These accounts are privately managed by firms selected by…
Welcome to the latest edition of This Week in Pensions! As we do each week, we have gathered the best stories about pensions and retirement security from the previous week. This is the news you need to know in the…
Last week eight major universities were sued by their own employees for failing to curb excessive fees in their retirement plans. In a series of class action lawsuits filed across the country, the plaintiffs allege that the universities failed to…
Welcome to the latest edition of This Week in Pensions! As we do each week, we have gathered the top stories on pensions and retirement security from the previous week. This is the news you need to know in the…
As we’ve written about extensively on this blog, employer-sponsored retirement plans have changed a lot over time. In the private sector, 401(k)s have largely replaced defined benefit pensions and this shift has weakened the retirement security of working families. 401(k)s…
The Opening Ceremonies for the 2016 Olympic Games were held in Rio de Janeiro last Friday. Four days into the competition, medals have been awarded, dreams have been fulfilled, and millions watching at home have been inspired. Just like the…
Welcome to the latest edition of This Week in Pensions! As we do each week, we have gathered the best stories about pensions and retirement security. This is the news you need to know in the fight for a secure…
At one time, defined benefit pensions were the most common retirement plan for working people. Workers in both the public and private sectors enjoyed the security and reliability of pensions in planning for retirement. These workers knew that if they…
Welcome to the latest edition of This Week in Pensions! After taking a week off, we are back with the latest news in the fight for a secure retirement. As we always do, we have gathered the top stories about…
Welcome to the latest edition of This Week in Pensions! Each week we gather the best stories about pensions and retirement security from the previous week. This is the news you need to know in the fight for a secure…
Last week NPPC’s Executive Director, Bailey Childers, submitted testimony to the Democratic National Committee’s Platform Committee encouraging them to include retirement security as part of the 2016 platform. So far this year, the presidential candidates have said little about retirement…
A couple weeks ago, the New York Times ran an excellent article on women and retirement. The article discusses the unique challenges facing women in preparing for retirement. It also highlights that women who work in fields where defined benefit…