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Women are more likely than men to be in poverty during retirement. There are multiple causes for this. Women live longer than men, so they simply have more years of retirement to finance. Also, women typically have less in retirement…
Last week we wrote about the challenges facing black women in saving for retirement, but how many black women benefit from public pensions and the security they provide. Retirement insecurity is a problem for black women of all ages, but…
August 7, 2018 is Black Women’s Equal Pay Day. This is the day in the year when black women finally catch up and earn as much as white men earned in the previous year. Since black women only earn 63…
We frequently write on this blog about states where politicians are attacking public pensions. For much of the past decade, public pensions have been criticized by anti-pension ideologues and opportunistic politicians have sought to undermine them. Today we want to…
Last month the Board of Trustees for Social Security released their annual report on the program’s finances. Much of the information was the same as in previous years: the Social Security trust fund is projected to be exhausted in 2034.…
Welcome to the latest edition of This Week in Pensions! As we do most weeks, 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…
Welcome to the latest edition of This Week in Pensions! As we do most weeks, 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…
Earlier this year, we wrote about Cost of Living Adjustments (COLA). To recap, a COLA is an adjustment in the amount of a pension benefit to account for inflation. Since the price of almost everything is constantly going up due…
Welcome to the latest edition of This Week in Pensions! As we do most weeks, 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…
Retirement inequality is increasing in the United States and the age of retirement is one dimension of that inequality. While the overall average retirement age for Americans is increasing, that increase is not even across socio-economic status. Less educated workers…
Welcome to the latest edition of This Week in Pensions! As we do most weeks, 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…
Defined benefit pensions are the most secure form of retirement savings. This has been true for decades and is why cities and states have offered pensions to their public employees for more than a hundred years. Pensions also used to…