December 12, 2018
Earlier this week, the article West Haven PD, losing officers, pleads with city to return to a traditional pension plan was published in the New Haven Register. The article details how ten years after the city switched the police department …
November 14, 2018
Long time readers of Defined Benefit know that 401(k)-style defined contribution plans have largely failed working families. Defined contribution plans are a poor substitute for defined benefit pension plans and as the private sector has shifted from pensions to 401(k)s, …
October 29, 2018
Recently, the headlines in the financial section of the newspaper have been dominated by stories about the stock market declining. Some have termed this a “correction” believing that the value of the stock market was inflated to begin with. Regardless …
October 24, 2018
This week is National Retirement Security Week! Proclaimed by an official declaration from Congress in 2016, each year supporters of 401(k)-style defined contribution plans use this week to promote their products. We’ve decided to take back retirement security from the …
October 15, 2018
During the month of October, we at the National Public Pension Coalition are celebrating retirement security. Next week is National Retirement Security Week. We’ll have more to say about retirement security in a series of blog posts next week. This …
August 20, 2018
The goal of a retirement savings plan, like a pension, is to replace a certain amount of pre-retirement income during retirement. In earlier periods of American history, many elderly citizens spent their last years in desperate poverty with little savings …
