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 fight for a secure retirement.
Here are this week’s top stories:
- Time for politicians to keep their promises and invest in pensions by Tyler Bond: NPPC’s Program Manager writes in The Hill how cuts to public pensions are part of the broader attack on the public sector that results in cuts to education funding and low teacher pay. Politicians need to stick to their word and properly fund public pensions because they are an investment in the common good.
- NCPERS Study Shows Public Pensions Are Net Contributors to Government Revenues by BusinessWire: a recent study from NCPERS finds that in 38 states, public pension plans are net contributors to government revenues. Nationally, public pension funds contributed a net $137.3 billion to state and local government coffers in 2016.
- Good news about Wyo. Retirement System by Laura Ladd: a trustee of the Wyoming Retirement System celebrates the strength of that pension plan. “Wyoming’s pensions are strong, well-managed, and headed in the right direction,” Ladd says.
Every so often, it’s good to review the basics. Defined benefit pensions are the most secure and reliable retirement plan for working families. Not everyone knows what a pension is, though, or how they work. That’s why we created our “Pensions in 60 Seconds” video. This will tell you everything you need to know about pensions and the retirement security they provide.
Be sure to check back next week for the latest news in the fight for a secure retirement!