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Millennial public employees recognize that pensions are an important aspect of their retirement security. According to a report from NIRS, 71% of them say they would be more likely to leave their jobs if their pensions were cut. Ninety-two percent…
Welcome to this 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, make sure you check out stories…
Retirement experts estimate that a worker will typically need to save at least $1 million to maintain their standard of living in retirement. However, many are far from meeting that goal. According to the Federal Reserve, 25% of U.S. adults…
Did you know that, according to the National Institute on Retirement Security (NIRS), 57 percent of workers have nothing at all saved for retirement? It’s troubling that a majority of Americans are caught in a retirement savings crisis. Here are…
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…
The coronavirus pandemic is affecting the economic security of workers of all ages. However, it has been particularly damaging for older workers, as it has led to more of them retiring early. Older workers have been impacted by the one-two…
Welcome to this week’s edition of This Week in Pensions! We have gathered 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. Before we…
Last Thursday, the National Institute on Retirement Security (NIRS) released new research on how the gender pay gap affects women in retirement. In its findings, NIRS discovered that “older women receive about 80 percent of the retirement income older men…
In 2018, the Pension Rights Center received roughly 2,000 inquiries from people seeking free legal assistance with their retirement plans. About one-fifth of those inquiries involved divorce. Emily Spreiser, Legal Program Director at the Pension Rights Center, shared this number…
Long-term care supports 7.9 million Americans over the age of 65 who cannot successfully navigate day to day activities on their own due to their age, according to AARP. With retirement planning, this can be one vital yet expensive aspect…
Americans are facing a retirement savings crisis. The experts have warned about this for a while now. But do working families themselves recognize the growing crisis? The answer is overwhelmingly “yes” according to a new survey from the National Institute…
Today marks the 24th day of the partial shutdown of the federal government. As the shutdown drags on, the effects are becoming more widespread. Some of those most significantly impacted are federal employees who have either been furloughed or forced…