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Many times on this blog we’ve discussed the shift from defined benefit pensions to 401(k)-style defined contribution plans. While this transition has been most dramatic in the private sector, it is also occurring in the public sector. We’ve detailed how…
Women typically enter their golden years with less retirement income than men. According to a report last year from the National Institute on Retirement Security (NIRS), women are 80 percent more likely than men to be impoverished at age 65…
When most Americans begin to prepare for retirement, they count on Social Security to form the bedrock of their retirement savings. For millions of working families, Social Security is the key to retiring with dignity. However, a significant number of…
A report released today finds that three-fourths of Americans- both Democrats and Republicans- are concerned about their ability to retire securely. Unfortunately, this lack of retirement preparedness affects some communities more profoundly than others. Black households earn significantly less income…
Now that Donald Trump is settling in as the president-elect, he is beginning to outline the priorities for his administration. As with many issues regarding Trump, it is hard to say for sure where he stands on Social Security, public…
We here at NPPC love pensions because they provide working families with a reliable and secure source of income in retirement. By contributing to their pension with a portion of every paycheck, public employees are earning deferred compensation that will…
Tonight is the vice presidential debate for the 2016 campaign. While it certainly lacks the hype of the first presidential debate last week, tonight’s debate should be an opportunity for substantive discussion between two experienced politicians. Both Tim Kaine and…
In 1981, during the dictatorship of General Augusto Pinochet, Chile radically reformed its pension system. It changed from a traditional public pension system to a system of mandatory individual retirement accounts. These accounts are privately managed by firms selected by…
Welcome to the latest edition of This Week in Pensions! As we do each week, we have gathered the top stories on pensions and retirement security from the previous week. This is the news you need to know in the…
The Democratic Party begins its convention today in Philadelphia. The Democrats will nominate former Secretary of State Hillary Clinton to be their presidential nominee and Senator Tim Kaine to be her running mate. The party will also approve the party…
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! Each week we recap the top stories about pensions and retirement security. This is the news you need to know in the fight for a secure retirement. Here are this…