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We’re almost a full year into the coronavirus pandemic. Due to the resulting economic downturn, state and local governments could face budget shortfalls of $300 billion over the next two fiscal years. As a result, some have argued that policymakers…
Nearly a year after the coronavirus-induced economic crisis began, the U.S. economy still has not recovered to pre-pandemic levels. While the stock market has performed better than expected during the pandemic, too many people still cannot afford their basic needs.…
This blog is a re-post of a blog published by Tyler Bond on August 20, 2018. Updated and new information will be indicated with italics. The goal of a retirement savings plan, like a pension, is to replace a certain…
Too often it is claimed that closing public pension plans and moving all newly hired public employees into defined-contribution plans like a 401(k) or cash balance hybrid plans is needed for state and local governments to address budget shortfalls. However,…
Retirement experts often cite the “three-legged stool” as a framework for retirement planning, which is that income from Social Security, personal savings (such as a personal defined-contribution plan), and a defined-benefit pension are critical for a secure retirement. How much…
Welcome to this week’s edition of This Week in Pensions! This is the news you need to know in the fight for a secure retirement. Before you dive into our top stories from this week, check out some stories of…
Pensions have played a critical role in retirement security from the earliest days of the republic, going back to the American colonies offering pensions to soldiers who were injured during the Revolutionary War. Today, we’re looking back on the history…
Welcome to this week’s edition of This Week in Pensions! This is the news you need to know in the fight for a secure retirement. Before you dive into our top stories from this week, check out some stories of…
Did you know that in 2019 more than 20 percent of adults over the age of 65 were still working or looking for work, according to AARP? That is why it is so important for public employees to have access…
As late as 1980, almost half of all private-sector employers had an employer-sponsored pension plan, according to the Georgetown University Law Center. By 2006, that number had decreased to lower than one in four private-sector workers. Research shows that pensions…
Welcome to the latest edition This Week in Pensions! 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 fight for a secure retirement. Here…
Holidays are one of the rare moments throughout the year when you can gather with loved ones. In between partaking in activities such as avoiding cold weather and doing last-minute shopping, you can also view this time as an opportunity…