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Tonight is the vice presidential debate for the 2016 campaign. While it certainly lacks the hype of the first presidential debate last week, tonight’s debate should be an opportunity for substantive discussion between two experienced politicians. Both Tim Kaine and…
Earlier this week the Milwaukee Journal Sentinel published a lengthy article about state and local government obligations to retirees in Wisconsin. Much of the article focused on the costs of retiree health care obligations. The article was generally positive when…
Welcome to the latest edition of This Week in Pensions! As we do each week, we have gathered the top stories about pensions and retirement security. This is the news you need to know in the fight for a secure…
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…
State and local public pensions generate significant amounts of economic activity nationally each year. In 2014, state and local public pension plans paid $253 billion to 9.6 million retirees and their beneficiaries. These pension benefits helped to support over 3.4…
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…
It turns out the secret to a strong public pension system isn’t a secret at all: fully funding the pension every year is the most important thing cities and states can do to have a strong public pension system. Today…
Welcome to the latest edition of This Week in Pensions! As we do each week, we have gathered the top stories about pensions and retirement security. This is the news you need to know in the fight for a secure…
If you are a regular reader of Defined Benefit, then you already know that we don’t care for defined contribution plans like 401(k)s that have many failings when compared to traditional pensions. One of these failings is that they provide…
Last month on the blog, we talked about Kansas and how harmful right-wing tax policy there had ruined the state’s budget and threatened public pensions and other critical state services. A similar situation is happening in Oklahoma. Just like in…
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…