Traditional defined benefit pensions remain the most common retirement plan for public sector employees. 84 percent of state and local government employees have access to a pension. Increasingly, however, anti-pension ideologues say public employees should be given a choice between …
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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 …
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The June 19 editorial “A smart step on pensions” said Pennsylvania’s new law on pensions would give most new state employees a choice of “three retirement savings options similar, in varying degrees, to the defined-contribution plans common in the private …
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Public pensions are not a recent creation. In fact, the earliest public pension in the United States was established over 150 years ago for police officers in New York City. We covered the history of public pensions in our recent …
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Today is Groundhog Day. Everyone’s favorite groundhog- Punxsutawney Phil- will stick his head out of the ground and look for his shadow. Legend has it that if Phil sees his shadow, we’ll have six more weeks of winter. Many of …
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All in all, 2016 was a good year for public pensions. States and cities chose to protect and preserve their defined benefit pension plans and the city of Palm Beach, FL, moved back to a defined benefit plan from an …
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