In the News • August 1, 2017
This July, Oregon became the first to offer a retirement plan to full- and part-time private-sector workers who don’t have access to one through their employer. Eight other states — California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, Vermont and Washington — are implementing similar plans that should reach full rollout within the next five years. […]
In the News • July 24, 2017
After many fits and false starts to pension reform, Pennsylvania’s governor has a signed a measure that establishes a hybrid defined benefit/defined contribution plan for new state employees. Although some industry observers believe the new law is a step in the right direction, several others said the switch to a hybrid DB/DC plan does little […]
In the News • July 22, 2017
Women face a lot of unique hurdles when it comes to planning for their retirement, and understanding and managing them accordingly can make all the difference between a comfortable retirement and barely scraping by. In this episode of Motley Fool Answers Opens a New Window., hosts Alison Southwick and Robert Brokamp go over the six biggest headwinds […]
In the News • July 19, 2017
Among the leading nations for retirement security, the United States didn’t even crack the top 15, according to the 2017 Global Retirement Index by Natixis Global Asset Management. Europe, however, continued to dominate the top spots, with Norway at No. 1 for the second year in a row, followed by Switzerland and Iceland. Sweden ranked […]
Letters to the Editor • July 12, 2017
Richard Hiller in a July 5th opinion piece is correct that focusing the retirement outcomes is imperative. In fact, the retirement outlook today for Californians is dim – only two out of five workers in the state participate in retirement plans. Even among Californians who have 401(k) savings, the average account balance is insufficient with […]
Letters to the Editor • June 30, 2017
The author of the recent opinion piece, The Slow Road to State Pension Reform, seemingly misunderstands that when properly funded, pensions are a cost-efficient means for providing retirement security to middle class Americans. State legislatures in nearly all states maintained defined benefit pensions as they reformed state-wide retirement systems during the past seven years to […]
In the News • June 21, 2017
Bank Investment Consultant reports on the new NIRS research, stating that when left unaddressed, the gap in retirement savings could lead to a diminished quality of life for many older Americans and create severe pressure on social services and the social safety net. Read the article here.
Letters to the Editor • June 20, 2017
The Washington Post covers the economic insecurity of working Americans, which will grow as workers retire and pensions disappear. It’s simply wrong to describe taking away pensions from middle class Americans is a “smart step.” Reforms in virtually all state-wide public pension plans has occurred during the past seven years to ensure long-term sustainability. As […]
In the News • May 2, 2017
“It’s been said that if Congress kills the Department of Labor guidelines for state-based retirement plans for the private sector, then employers must step up to help address the nation’s retirement crisis. I’m here to say it’s not that easy—especially for small business owners who actually want to offer their employees a retirement plan.” Read […]