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We first discussed Secure Choice plans back in March of this year. At the time, Congress was moving forward with repealing Obama-era regulations that would have made it easier for states to establish these plans. Unfortunately, Congress passed and President…
As we’ve documented before, the Trump administration has taken multiple actions that will weaken the retirement security of working families. From attacking the pensions of federal employees to hindering the work of states to enact Secure Choice savings programs, 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…
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…
University professors are typically regarded as having one of the most desirable jobs in the country. Pay is usually high, benefits are good, and if they have tenure, then professors have excellent job security. Despite these benefits, professors still rely…
As we’ve discussed before, President Trump proposed devastating cuts to the retirement benefits of federal employees in his 2018 budget request. This far-reaching and unnecessary attack would undermine the retirement security of current and future federal employees. While Trump sticks…
Since the Great Recession in 2008, warnings of an impending pension crisis have been splashed across the business pages of newspapers across the country. Despite these boisterous decrees, America’s public pension funds are stable. We explore the roots behind the…
Yesterday Michigan Governor Rick Snyder signed legislation– SB 401– that weakens the retirement security of the state’s public school employees. This newly-signed legislation continues a long running saga of attacks on the pension benefits of Michigan’s public employees. While SB…
Since the Great Recession in 2008, warnings of an impending pension crisis have been splashed across the business pages of newspapers across the country. Despite these boisterous decrees, America’s public pension funds are stable. We explore the roots behind 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…
As we discussed last week, the evidence continues to grow that 401(k)s and other defined contribution plans do not provide a secure retirement for working families. Despite this mounting evidence, some have pushed for more contributions to 401(k)-style plans, as…
Long time readers of Defined Benefit know that 401(k)-style defined contribution plans have largely failed working families. Defined contribution plans are a poor substitute for defined benefit pension plans and as the private sector has shifted from pensions to 401(k)s,…