It’s more important than ever that every American should have access to a stable and dignified retirement. According to the National Institute on Retirement Security (NIRS), 67% of Americans say the country faces a retirement security crisis. However, defined-benefit (DB) …
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Welcome to this month’s first 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 …
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An updated research brief from the National Conference on Public Employee Retirement Systems (NCPERS) reveals that defined-benefit (DB) plans offer significant advantages for public employees, employers, and taxpayers over defined-contribution plans (DC) plans. Below, we summarize three significant findings from …
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Retirement experts estimate that a worker will typically need to save at least $1 million to maintain their standard of living in retirement. However, many are far from meeting that goal. According to the Federal Reserve, 25% of U.S. adults …
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When a full-time employee starts a new position that includes a retirement benefit, their employer will usually introduce them to their retirement package in their first few days on the job. During this time, it can be easy for one …
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The term “defined-benefit” has been traditionally used as a synonym for “pension.” Increasingly, the term is being used to describe hybrid cash balance plans. While not wholly inaccurate, as we’ll explain, it is certainly misleading for employees and lawmakers to …
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