In the News • September 29, 2011
September 29, 2011 — PLANSPONSOR reports that NIRS and Milliman report, Decisions, Decisions: Retirement Plan Choices for Public Employees and Employers shows that DB pensions are preferred over 401(k)-type defined contribution plans. Read the story here.
In the News • September 7, 2011
September 7, 2011 — Amid discussions to reform public pensions, Rhode Island lawmakers met on Tuesday, September 6 for a pension tutorial from pension experts, including NIRS executive director Diane Oakley. NIRS executive director Diane Oakley addressed the state lawmakers, cautioning them about an abrupt switch to defined-contribution plan. “If investment losses cannot be recouped by retirement […]
In the News • August 9, 2011
August 9, 2011 — In a story covering Verizon employee benefits at issue, NIRS tells the Pittsburgh Tribune-Review that market drops make it hard for workers with 401(k) plans to recoup losses before retirement. NIRS executive director Diane Oakley also commented on the unfortunate trend of companies switching employee retirement plans from defined benefit to defined contribution […]
In the News • August 5, 2011
August 5, 2011 — In an article about the steep stock market losses facing the U.S. economy, The Washington Post quotes executive director Diane Oakley about how shrinking 401(k) balances may affect ordinary middle class Americans. Read the story here.
In the News • July 29, 2011
June 29, 2011 — Market News International covers NIRS’ newest study, Lessons from Well-Funded Public Pensions: An Analysis of Six Plans that Weathered the Financial Storm , discussing the importance of setting achievable actuarial and economic assumptions. Read the full story here.
In the News • July 29, 2011
July 29, 2011 — North Carolina State Senator Bill Purcell commends the state for a well-funded pension plan, citing latest NIRS report, Lessons from Well-Funded Public Pensions: An Analysis of Six Plans that Weathered the Financial Storm, in a commentary in The Laurinburg Exchange. Read the story here.
In the News • July 26, 2011
July 26, 2011 — Ilana Bovie, director of programs, talked to Retirement Matters Radio about NIRS’ latest research, Lessons from Well-Funded Public Pensions: An Analysis of Six Plans that Weathered the Financial Storm and the need for defined benefit public pensions during these tough economic times. Listen to the podcast here.
In the News • July 7, 2011
July 7, 2011 — MinnPost.com’s overview of Minnesota’s pension reforms and retirement legislation cites opinion research and issue brief,Who Killed the Private Sector DB Plan, to illustrate the decline in defined benefit plan coverage and anxiety over retirement security. Read the full story here.
In the News • June 29, 2011
June 29, 2011 — In a recent article, Reuters examines the upcoming dialogue surrounding public pensions as the Governmental Accounting Standards Board plans to meet, and uses Lessons from Well-Funded Public Pensions: An Analysis of Six Plans that Weathered the Financial Storm to highlight successful defined benefit plans. Read the full story here.