Welcome to the latest edition of This Week in Pensions! As we do most weeks, we have gathered the top stories about pensions and retirement security from the previous week. This is the news you need to know in the …
If you’re a devoted reader of Defined Benefit, then you know there is one way to ensure a pension plan is well-funded: employees and employers alike must make contributions to the plan annually – and in full. State employees like …
Roughly half of private sector workers do not have access to a retirement plan through their employer. For most of these workers, that means they will have little to retire on, except for Social Security. A half-dozen states have taken …
A report released today finds that three-fourths of Americans- both Democrats and Republicans- are concerned about their ability to retire securely. Unfortunately, this lack of retirement preparedness affects some communities more profoundly than others. Black households earn significantly less income …
Welcome to the latest edition of This Week in Pensions! As we do most weeks, we have gathered the top stories about pensions and retirement security from the previous week. This is the news you need to know in the …
What happens when a state abandons its defined benefit pension for a riskier, 401(K)-style plan? Taxpayers lose – According to the National Institute on Retirement Security, “for a given level of retirement income, a typical 401(k) plan costs 91% more …