We’re almost a full year into the coronavirus pandemic. Due to the resulting economic downturn, state and local governments could face budget shortfalls of $300 billion over the next two fiscal years. As a result, some have argued that policymakers …
Read more
Nearly a year after the coronavirus-induced economic crisis began, the U.S. economy still has not recovered to pre-pandemic levels. While the stock market has performed better than expected during the pandemic, too many people still cannot afford their basic needs. …
Read more
This blog is a re-post of a blog published by Tyler Bond on August 20, 2018. Updated and new information will be indicated with italics. The goal of a retirement savings plan, like a pension, is to replace a certain …
Read more
Too often it is claimed that closing public pension plans and moving all newly hired public employees into defined-contribution plans like a 401(k) or cash balance hybrid plans is needed for state and local governments to address budget shortfalls. However, …
Read more
Retirement experts often cite the “three-legged stool” as a framework for retirement planning, which is that income from Social Security, personal savings (such as a personal defined-contribution plan), and a defined-benefit pension are critical for a secure retirement. How much …
Read more
Welcome to this week’s edition of This Week in Pensions! This is the news you need to know in the fight for a secure retirement. Before you dive into our top stories from this week, check out some stories of …
Read more