If you’re reading this article, there’s about a fifty percent chance you are not offered a retirement plan through your current employer. That’s according to studies from the National Institute on Retirement Security (NIRS) and Pew, which estimate that almost …
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For a decade now since the Great Recession, special interests have waged a false-information campaign against public pensions. While not all of the motives are clear, one thing is certain: if the over $3.8 trillion in assets managed by state and local …
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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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As we discussed last week, the evidence continues to grow that 401(k)s and other defined contribution plans do not provide a secure retirement for working families. Despite this mounting evidence, some have pushed for more contributions to 401(k)-style plans, as …
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Long time readers of Defined Benefit know that 401(k)-style defined contribution plans have largely failed working families. Defined contribution plans are a poor substitute for defined benefit pension plans and as the private sector has shifted from pensions to 401(k)s, …
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The June 19 editorial “A smart step on pensions” said Pennsylvania’s new law on pensions would give most new state employees a choice of “three retirement savings options similar, in varying degrees, to the defined-contribution plans common in the private …
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