In the News • June 29, 2011
June 29, 2011 — Bloomberg cites new NIRS study, Lessons from Well-Funded Public Pensions: An Analysis of Six Plans Weathered the Financial Storm, explaining how public pensions funds need annual contributions from employers and workers to keep pace with the demand for yearly benefits.
Press Release • June 29, 2011
June 29, 2011, Washington D.C. — A new NIRS research report examines selected statewide public pension plans to identify common elements of plans that remained well funded despite two severe economic downturns. Download report here. Download PowerPoint here. The study identifies six features that enabled those plans examined to remain sustainable and affordable: Employer pension contributions that pay the […]
In the News • June 28, 2011
June 28, 2011 — Pensions & Investments previews NIRS’ new study, Lessons from Well-Funded Public Pensions: An Analysis of Six Plans that Weathered the Financial Storm, and highlights common characteristics of well-funded defined benefit plans. Read the full story here.
In the News • June 27, 2011
June 27, 2011 — A community website, Livingston Patch, featured an editorial which cited NIRS and the Center for State and Local Government Excellence’s study, Out of Balance? to discuss the recent battle over New Jersey public employee pensions and health benefits. Read the full story here.
In the News • June 16, 2011
June 16, 2011 — A recent piece published in The American Prospect cites NIRS’ research. The article refers to Public Pension Basics to set the groundwork for explaining the politics involved in public employee retirement benefits. Read the full story here.
In the News • June 13, 2011
June 13, 2011 — A recent SEIU Blog article cites NIRS research which found that implementing defined contributions or 401(k) plans can cost almost twice as much as traditional pension plans, or defined benefit plans. Read the full story here.
In the News • May 22, 2011
May 22, 2011 — In a story regarding efforts to curb retirement benefits of federal workers, The Washington Post features a NIRS chart comparing pensions. The article also quotes the NIRS executive director Diane Oakley on the benefits of pension plans. State and local governments also didn’t follow the federal example, swinging the pendulum the other way. […]
In the News • April 16, 2011
April 16, 2011 — A recent article by the Associated Press uses NIRS’ Out of Balance Report to try and judge which sector receives higher pay. Read the full story here.
In the News • April 6, 2011
April 6, 2011 — A recent opinion piece in the Pomerado News features findings from NIRS’ Out of Balance report. Some findings cited include the realities that even taking the current levels of public pensions into account, state and local employees have lower total compensation packages than their private sector counterparts. On average, total compensation is 6.8 percent lower for state employees and 7.4 percent […]