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:
- Colorado Public Pension Returns 18.1% in 2017 by Michael Katz: similarly to many other public pension plans, Colorado PERA earned double-digit investment returns in 2017. The plan surpassed its investment return target and improved its funded status with last year’s strong returns.
- Time for sensible approach to paying pensions by Jason Bailey: the executive director of the Kentucky Center for Economic Policy writes that Kentucky must adopt a more calm and sensible approach to funding public pensions, rather than giving into overhyped rhetoric about unfunded liabilities. “An approach aimed at steady progress will result in more manageable annual contributions,” Bailey says.
- Want to make millennials mad? Talk about saving for retirement by Alessandra Malito: MarketWatch highlights the challenges facing millennials in saving for retirement. With stagnant wages, high student loan debt, and less access to defined benefit pensions, millennials face more obstacles than previous generations in saving adequately.
- Is employees’ growing retirement confidence misguided? By Paula Aven Gladych: workers feel increasingly confident about being able to retire comfortably, but according to the Employee Benefit Research Institute, their confidence may be misplaced. Just having access to a workplace retirement plan increases confidence in retirement, but nearly half of all workers lack access to a retirement plan through their employer.
Be sure to check back next week for the latest news in the fight for a secure retirement!