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A recent study from researchers at the University of California, Berkeley, confirmed what we here at NPPC already know: traditional defined benefit pensions provide more retirement income for teachers than 401(k)-style plans. This comes as a surprise to no one.…
Sunday is Valentine’s Day. People all across the country will be giving chocolates and roses to the ones they love. Here at NPPC we love public pensions- and we know you do too! Pensions have everything you are looking for:…
Last week I wrote about the book release of Retirement on the Rocks by Professor Christian Weller. In addition to being an economics professor at UMass-Boston, Weller is also a senior fellow at the Center for American Progress. In October…
[rwd imageid=’772′ small=’0′ medium=’600′ large=’1000′ src=’http://protectpensions.org/files/2016/01/Virginia-NPPC-Pensions.png’] Virginia’s public employees have endured a couple rounds of cuts to their defined benefit pensions in the past several years. Most recently, in 2012, the Virginia General Assembly passed a law that forced new…
Last week, NPPC’s executive director Bailey Childers wrote on CNBC about the December 2015 jobs report. She talked about how the release of Star Wars: the Force Awakens accounted for thousands of new jobs, but those jobs aren’t likely to…
[rwd imageid=’781′ small=’0′ medium=’600′ large=’1000′ src=’http://protectpensions.org/files/2016/01/Colorado-Pensions-NPPC.png’] The Colorado state legislature begins its 2016 legislative session today, with pensions and retirement security both on the agenda for this year’s session. During the break between the 2015 and 2016 legislative sessions, three…
If you’ve been reading this blog for a while, then you know that defined benefit pensions are superior to defined contribution 401(k)’s. Defined benefit plans pool risk collectively, optimize investment decisions, and are professionally managed with low fees. Pensions also…
We all know America is facing a retirement crisis. We’ve talked about it on this blog and Americans express their worries in opinion polls. Experts tell us that Americans are not saving enough for retirement. Now it’s time to take…
[rwd imageid=’785′ small=’0′ medium=’600′ large=’1000′ src=’http://protectpensions.org/files/2015/12/Guam-Pensions-NPPC.png’] When you think about public pensions, do you think about Guam? If the answer is no… well, I’m assuming everyone’s answer was no, so you’re not alone. The U.S. Territory of Guam does have…
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…