In the News • October 20, 2011
October 20, 2011 — Traditional pension plans are a better bang for New York City’s Buck, reports Reuters, according to the new NIRS report recently released by the NYC Comptroller. The article reports that “defined benefit plans have enormous economic efficiencies over defined contribution plans.” Read the story here.
In the News • October 20, 2011
October 20, 2011 — BenefitsPro covers the research conducted by NIRS and Pension Trustee Advisors that show that the $119.6 billion New York City Retirement System’ defined benefit plans can provide retirement income at a much lower cost than defined contributions plans. Read the story here.
In the News • October 16, 2011
October 16, 2011 — The Financial Times outlines the rise in DC plans as states get creative in dealing with high costs of retirement income, and uses Decisions, Decision: Retirement Plan Choices for Public Employees and Employers to show that public employees overwhelmingly prefer DB plans. Read the story here.
In the News • October 2, 2011
October 2, 2011 — When given the choice between a traditional defined benefit pension or a defined contribution savings plan, the vast majority of public employees chose the traditional pension plan, reports Institutional Investor, citing Decisions, Decisions. Read the story here.
In the News • September 30, 2011
September 30, 2011 — Public-sector employees overwhelmingly choose defined benefit plans over defined contribution plans 75% to 98%, reports Pensions & Investments, citing Decisions, Decisions: Retirement Plan Choices for Public Employees and Employers. Report co-author and Milliman Inc. actuary and principal Mark Olleman told P&I,“If you had an election with 75% of the vote (for a candidate), […]
In the News • September 30, 2011
September 30, 2011 — Reuters reports that many states are looking to reshape their retirement plans to resemble those private sectors, but they have yet to examine the true costs and benefits of switching plans from a defined benefit to a defined contribution plan. “Most states that have done those feasibility studies have found that […]
In the News • September 30, 2011
September 30, 2011 — Investment News’ INsider highlights Decisions, Decisions: Retirement Plan Choices for Public Employees and Employers, and calls public employees “pretty darn smart” for their overwhelming support of a DB pension plan over a DC or 401(k) style plan. Read the story here.
In the News • September 29, 2011
September 29, 2011 — The findings of NIRS’s report, Decisions, Decisions: Retirement Plan Choices for Public Employees and Employers, were reviewed by AdvisorOne, who noted that public employees selected pension-style plans between 75% and 98% of the time. Read the story here.
In the News • September 29, 2011
September 29, 2011 — BenefitsPro highlighted the new research report, Decisions, Decisions, released Thursday by NIRS and Milliman Inc., which illustrates how public sector employees prefer defined benefit pensions over 401(k)-type defined contribution individual accounts. Read the story here.