Welcome to the latest edition of This Week in Pensions! 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 fight for a secure retirement. …
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Welcome to the latest edition of This Week in Pensions! 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 fight for a secure retirement. …
Read more
Kansas public employees are facing a bill that would move future public employees hired after July 1, 2024, into a thrift-savings plan and strip them from access to a pension through the Kansas Public Employees Retirement System (KPERS). This includes …
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Over the years, NPPC has produced content outlining two critical topics: 401(k)s and the retirement security crisis and how converting public employees from a defined-benefit plan to a defined-contribution plan can cause states financial issues in the future. In our …
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In the 1978 Revenue Act passed by the United States Congress, a small provision was inserted into the Internal Revenue Code called Section 401(k). Section 401(k) allowed employees to avoid taxation on deferred compensation. Although the tax code can be …
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This post was originally written by Tyler Bond in 2018. Defined benefit pensions are the most secure form of retirement savings. This has been true for decades and is why cities and states have offered pensions to their public employees …
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