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Welcome to the latest edition of This Week in Pensions! We have gathered the top stories about pensions and retirement security from the previous week. Thousands of California Teachers Laid Off Amid Budget Cuts Roughly 3,000 California educators are losing…
Contrary to what you might hear from pension opponents, pensions are making a comeback. Once considered a relic of the past, traditional defined benefit (DB) pensions are experiencing a resurgence as states and cities across the country reinstate and bolster…
This year presents a dynamic landscape for public pensions across various states, marked by challenges and significant opportunities. In a refreshing shift, we find ourselves in a unique position. Not only does public opinion now favor defined-benefit pensions, but major…
In the ongoing saga of retirement planning, the shift from traditional pensions to more volatile 401(k) plans has left many Americans feeling uncertain about their financial futures. Sara Schambers, a Ford auto worker and fourth-generation union member, exemplifies the concerns…