The attacks on public pension plans are constantly changing. Pension critics claim public employees need to be given a choice between defined benefit pension plans and 401(k)-style defined contribution plans. This is an unnecessary and risky choice. Public employees, like …
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Retirement has long been a part of the American dream. Throughout the twentieth century, the belief was that after a lifetime of hard work, workers could retire and enjoy their golden years. When defined benefit pensions were still common in …
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The financial crisis and Great Recession had a devastating effect on public pension plans. On average, public pension plans lost about a quarter of the value of their assets due to the crisis. In the years since the recession, almost …
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Welcome to the latest edition of This Week in Pensions! As we do most weeks, 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 …
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In a blog post last week, we discussed the fact that many Americans plan to work in retirement just to make ends meet. As we’ve mentioned before, though, many people won’t be able to continue working in retirement and may …
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Welcome to the latest edition of This Week in Pensions! As we do most weeks, 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 …
Read more