Millennial public employees recognize that pensions are an important aspect of their retirement security. According to a report from NIRS, 71% of them say they would be more likely to leave their jobs if their pensions were cut. Ninety-two percent …
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Welcome to this 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, make sure you check out stories …
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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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Did you know that, according to the National Institute on Retirement Security (NIRS), 57 percent of workers have nothing at all saved for retirement? It’s troubling that a majority of Americans are caught in a retirement savings crisis. Here are …
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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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The coronavirus pandemic is affecting the economic security of workers of all ages. However, it has been particularly damaging for older workers, as it has led to more of them retiring early. Older workers have been impacted by the one-two …
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