In the News • January 21, 2013
The Wall Street Journal’s MarketWatch covers the NIRS Report, The Retirement Savings Gap: Is It Worse Than We Think?, suggesting that the silver lining of defined benefit pensions protecting baby boomers, should be a benefit all Americans have access to. Read the article here.
In the News • January 19, 2013
In the News • January 14, 2013
January 14, 2013 – The Washington Post quotes NIRS executive Director Diane Oakley. “We’re going from bad to worse. Already, fewer private-sector workers have access to stable pension plans. And the savings in individual retirement savings accounts like 401(k) plans — which already are severely underfunded — continue to leak out at a high rate.” […]
In the News • January 10, 2013
January 10, 2013 – A USA Today column quotes NIRS executive Director Diane Oakley on the economic efficiencies of defined benefit pension plans. “Over 30 years, Oakley says, money in individual retirement accounts can be expected to return nearly 25% less than equal amounts of money poured into traditional pension plans.” Read the full column here.
Press Release • January 1, 2013
WASHINGTON, D.C., January 23, 2013 – A new primer provides a comprehensive overview of the public pensions investment process, which has garnered increased attention in the wake of economic shocks that recently have impacted all investors. NEW ISSUE BRIEF OUTLINES PUBLIC PENSION INVESTMENT PROCESS Webinar Today at 1 PM ET to Review Findings; Register Here WASHINGTON, […]
Press Release • December 1, 2012
WASHINGTON, D.C., December 5, 2012 – Faced with financial pressures, 45 states have enacted defined benefit (DB) pension plan reforms since 2008 to achieve affordability, sustainability, and human resource goals rather than switching to 401(k) type defined contribution (DC) accounts. PENSION PLAN MODIFICATIONS PROVIDE SUSTAINABILITY Shifting From Pensions Not Optimal, Can Trigger Unintended Consequences Webinar […]
Press Release • November 14, 2012
November 14, 2012, A new research brief examines the workforce impacts of existing defined benefit (DB) pension plans to assess the likely effects of a switch to defined contribution (DC) individual accounts or cash balance plans. New Research Examines Human Resource Impacts of Pensions During Economic Downturn, Nearly All State & Local Employers Modified Pensions […]
In the News • November 6, 2012
November 6, 2012 – The Washington Post reports on the retirement prospects facing young workers as the slow economic recovery has caused employers to reduce pension benefits and cut retirement contributions. NIRS weighs in on what this means for the Millennials and their futures. Read the full story here.
In the News • September 27, 2012
September 27, 2012 – How valuable are traditional pensions to Americans? The Alliance for Retirement Income Adequacy covers NIRS’ work, The Pension Factor and Pensionomics 2012, as well the trend that employees – young and old – are finding value in traditional DB pensions. Read the full story here.