October 21, 2015

The False Promise of a 401(k)

We’re in the middle of National Save for Retirement Week. As we indicated in Monday’s blog post, this week is often used by Wall Street banks and other financial interests to promote participation in defined contribution 401(k) plans. One of …

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October 19, 2015

The Promise of a Pension

This week is National Save for Retirement Week. Established by an act of Congress in 2006, this week is intended to raise awareness and promote participation in employer-sponsored retirement savings plans. We at the National Public Pension Coalition believe every …

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October 16, 2015

Spotlight on: Oklahoma

Although Oklahoma has well-performing public pensions that follow the nationally recognized best practices for pension plans, it has still been a battleground for public pensions the past several years. The conservative state legislature has considered a number of bills over …

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October 14, 2015

Spotlight on: Bruce Rauner

In today’s post, we continue to shine a spotlight on right-wing politicians and anti-worker ideologues who are leading the charge to gut public pensions. Today’s subject is Illinois governor Bruce Rauner. While relatively new to the office and without the …

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October 12, 2015

Phoenix Stands Up to John Arnold

We’ve written before about John Arnold, the former Enron energy trader turned hedge fund billionaire, who has made it his mission to gut public pensions across the nation. We’ve also highlighted one of his notable failures: his single-handed attempt to …

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October 9, 2015

Where Do Pensions Get Their Money?

Many people don’t understand how pensions work – unlike the loyal readers of ‘Defined Benefit’ – so here’s a short primer on how pensions get their money. Typically, it is from three sources: employee contributions, investment returns, and employer contributions. …

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