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In the years following the Great Recession of 2007-2009, billionaire-backed opponents of defined-benefit pensions presented a reasonably straightforward case. The financial crisis sent equities tumbling, funding ratios of pension plans cratered, and it was easy for opponents of public employees…
Welcome to the latest edition of This Week in Pensions! We have gathered this week’s top stories about pensions and retirement security all in one place. This is the news you need to know in the fight for a secure…
Over four decades ago one small change to the Internal Revenue Code through the 1978 Revenue Act changed the course of retirement in America. Section 401(k), originally a retirement tax-deferral initiative, eventually became the name of a financial product, but…