Virginia’s public employees have endured a couple rounds of cuts to their defined benefit pensions in the past several years. Most recently, in 2012, the Virginia General Assembly passed a law that forced new hires, starting January 1, 2014, into …
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Yesterday, economics professor Christian Weller spoke at the Center for American Progress about his new book Retirement on the Rocks. His book presents a detailed look at the retirement crisis facing Americans. Not only does he diagnose the problem, but …
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Last week, NPPC’s executive director Bailey Childers wrote on CNBC about the December 2015 jobs report. She talked about how the release of Star Wars: the Force Awakens accounted for thousands of new jobs, but those jobs aren’t likely to …
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The Colorado state legislature begins its 2016 legislative session today, with pensions and retirement security both on the agenda for this year’s session. During the break between the 2015 and 2016 legislative sessions, three reports were released that looked at …
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If you’ve been reading this blog for a while, then you know that defined benefit pensions are superior to defined contribution 401(k)’s. Defined benefit plans pool risk collectively, optimize investment decisions, and are professionally managed with low fees. Pensions also …
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We all know America is facing a retirement crisis. We’ve talked about it on this blog and Americans express their worries in opinion polls. Experts tell us that Americans are not saving enough for retirement. Now it’s time to take …
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