State and local public pensions generate significant amounts of economic activity nationally each year. In 2014, state and local public pension plans paid $253 billion to 9.6 million retirees and their beneficiaries. These pension benefits helped to support over 3.4 …
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Welcome back to This Week in Pensions! This is our weekly recap of the news you need to know about pensions and retirement security. Here are the best stories from the past week about pensions: Women In Education: A Retirement …
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The NCAA men’s and women’s basketball tournaments kicked off last week. As always, there were major upsets as underdogs beat expectations and high-seeded teams lost earlier than expected. While March Madness is sweeping the nation, we here at NPPC are …
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This week the Michigan state legislature began its 2016 legislative session. As legislators there consider how best to provide retirement security to public employees, it’s important to look back on Michigan’s history. In 1997, Michigan closed its defined benefit pension …
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We all know that pensions provide a safe and secure retirement for public employees in a cost-effective way. In many states, though, anti-pension ideologues and politicians try to sell pension “reform” as a way to save money for the state. …
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Presents summaries of past changes in three state retirement systems that made the switch to a DC plan from a traditional DB pension. Case studies cover the following states: West Virginia, Michigan, and Alaska. Rather than save states money, these …
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