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Teachers. Firefighters. Police officers. Behind every pension is a public servant who has dedicated their career to keeping our communities safe and prosperous. Popular rhetoric around public pensions often distracts from the true issue at hand; these aren’t numbers, these…
A couple weeks ago, the New York Times ran an excellent article on women and retirement. The article discusses the unique challenges facing women in preparing for retirement. It also highlights that women who work in fields where defined benefit…
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 week’s news. This is the news you need to know in the…
Back in March, we wrote about how high levels of student loan debt are decreasing retirement security for many Americans. A report from the Center for Retirement Research at Boston College had found that current levels of student loan debt…
If you are a long time reader of Defined Benefit, then you know that we are no fan of 401(k)s here. As 401(k)s have increasingly replaced defined benefit pensions, the retirement security of many Americans has eroded. A new report…
As we explained last week, 2016 has been a good year so far for pensions in state legislatures across the country. However, states aren’t the only ones choosing to protect their workers’ retirement security by protecting pensions. Cities are also…
The full retirement age for Social Security is gradually moving from 65 to 67. Some politicians want to raise it even higher. Additionally, some people say the solution to America’s retirement security crisis is to work longer. For many workers,…
Over the past thirty years, pensions have almost disappeared in the private sector. Fortunately, pensions are still fairly common in the public sector, but even there, they are under attack. This decline in the availability of pensions represents a shift…
Today is National Teacher Appreciation Day. Here at NPPC we appreciate teachers everyday and the valuable contributions they make to our communities. However, today, let’s take a look at how teachers benefit from the security of a defined benefit pension.…
Today is Equal Pay Day. This represents how far into 2016 a woman would have to work to earn what a man got paid in 2015 alone. On average, American women earn 79 cents for every dollar a man makes.…
[rwd imageid=’919′ small=’0′ medium=’600′ large=’1000′ src=’http://protectpensions.org/files/2016/03/Louisiana.png’] The Louisiana legislature began its regular 2016 legislative session this month. This follows an earlier emergency special session called by the governor to address Louisiana’s severe budget crisis. As Louisiana continues to grapple with…
Today NPPC released a new report showing how teacher pensions help alleviate the severe teacher shortage in Oklahoma. The report- “Retirement Security Often Overlooked in Conversation Around Teacher Shortage”- finds that offering the security and reliability of a defined benefit…