December 11, 2015

Pensions as Economic Stimulus

Earlier this week, I wrote about the economic efficiency of pensions in providing retirement income to individual workers. Defined benefit pensions have many advantages that make them more cost efficient than 401(k)s. Beyond the advantages for the individual saving for …

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December 9, 2015

The Economic Efficiency of Pensions

Late last year, the National Institute on Retirement Security re-released a report on the economic efficiency of defined benefit pensions. This updated report, titled “Still a Better Bang for the Buck”, finds that pensions remain a more efficient and reliable …

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December 8, 2015

African-Americans and Retirement Security

Due in large part to low levels of wealth, black households are much less likely than their white counterparts to have substantial retirement savings. And while black wealth has fallen in recent years, access to well-funded defined benefit pension plans …

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December 4, 2015

Retiring Without Social Security

Most Americans count on Social Security as a significant piece of their retirement plan. For some, it will be a nice supplement to their pension or their personal savings; for others, it will be their entire retirement benefit. The nation …

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December 3, 2015

Selling Out the Future by Cutting Pensions

Pensions are a promise. In fact, pensions are a form of deferred compensation. Public sector employees- such as teachers, firefighters, and nurses- accept lower salaries during their working years in exchange for monthly contributions from their employer toward their pension. …

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November 30, 2015

Fund Your Pension!

Unfortunately, Kentucky and its public pensions have been in the news a lot lately. I say unfortunately because Kentucky’s pensions do suffer from a real underfunding problem and the state just elected a new governor who campaigned on gutting those …

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