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, …
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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 …
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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 …
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Pensions have played a critical role in retirement security from the earliest days of the republic, going back to the American colonies offering pensions to soldiers who were injured during the Revolutionary War. Today, we’re looking back on the history …
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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 …
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Did you know that in 2019 more than 20 percent of adults over the age of 65 were still working or looking for work, according to AARP? That is why it is so important for public employees to have access …
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