Welcome to the latest edition of This Week in Pensions! Today may be April Fool’s Day, but retirement security is no joke. We’ve gathered the best stories from the previous week about pensions and retirement security to keep you informed. This is the news you need to know.
Here are this week’s top stories about pensions:
- Report: ‘Secure retirement’ would help address Oklahoma teacher shortage by Kristopher Masterman: this week NPPC released a new report on how teacher pensions in Oklahoma can help alleviate the severe teacher shortage in the state.
- PERA Fortifies Quality of Life by Ron Masterson: a Colorado retiree defends the state’s pension system by noting the involvement of public employees in civic life during their working years and in retirement.
- My Turn: There’s more to retirement system story by Ernest Loomis: a retired New Hampshire police officer refutes the arguments of a Concord Monitor editorial that New Hampshire should abandon its defined benefit pension system. As he says, “every one of those alternative plans have [sic] been widely panned by experts in the field.”
- 100 CEOs Have More Saved Up for Retirement Than 41 Percent of U.S. Families Combined by Joe Pinsker: The Atlantic discusses the findings of a report that 100 corporate CEOs have more retirement savings than 41 percent of American working families combined. As the article points out, the truly shocking fact is not so much that corporate CEOs have millions saved for retirement, but that many working families have almost nothing saved for retirement.
- Victory for Unions as Supreme Court, Scalia Gone, Ties 4-4 by Adam Liptak: this week the Supreme Court issued a major ruling in the Friedrichs v. CTA case. This ruling is a victory for working people. Millions of teachers, firefighters, and other public employees, who rely on their pension for a secure retirement, will continue to be able to negotiate collectively for a good living.
Check back next week for the latest news in the fight for a secure retirement.