In the News • February 2, 2010
February 2, 2010 — As reported by the Boston Globe, Putnam Investments CEO Robert Reynolds calls for a comprehensive effort in 2010 to strengthen America’s public and private retirement savings system. The Globe reports that Reynolds said, “If no action is taken soon, today’s retirement savings status quo threatens to inflict severe financial stress on future generations of […]
In the News • January 18, 2010
January 18, 2010 — The Providence Journal reporting cites NIRS Pensionomics research. The article indicates that “putting money into public-employee pension plans is a good investment. So good that every $1 contributed by taxpayers reaps a return of $4.56 in local economic activity.” The article also reports that “investment earnings and employee contributions provide ‘the lion’s share’ of employee […]
In the News • January 18, 2010
January 18, 2010 — A letter published in the The Morning Call cites NIRS research. NIRS Better Bang for the Buck study is referenced: defined-benefit pensions can provide the same retirement income as defined contribution plans such as a 401(k) at 46 percent of the cost.” Read the full story here.
In the News • January 14, 2010
January 14, 2010 — A letter to the editor published in the Youngstown Vindicator cites NIRS research. Defined benefit plans “can provide the same retirement income as defined contribution plans [cash accounts such as a 401(k)] at 46 percent of the cost due to economic efficiencies from pooled investment risk, higher returns and lower fees. Read the full […]
In the News • January 12, 2010
January 12, 2010 — The Society for Human Resources Management reports that pension experts are warning that the goals set out under the Employee Retirement Income Security Act (ERISA) are in danger of failing as defined benefit pension plans continue to wane. According the NIRS, “Data make a strong case for reviving the use of DB plans.” […]
In the News • January 11, 2010
January 11, 2010 — The Toledo Blade publishes a letter to the editor citing NIRS research. Referring to NIRS Better Bang for the Buck study, the letter indicates that “According to the National Institute on Retirement Security, defined-benefit pensions can provide the same retirement income as defined contribution plans such as a 401(k) at 46 percent of the cost.” […]
In the News • January 8, 2010
January 8, 2010 — The Washington Post publishes NIRS letter to the editor. The letter says that the front page told the sobering story of a “lost decade” during which America’s middle class saw no real gains in jobs, income, or net worth. But the editorial page implied that some members of the middle class have it […]
In the News • December 1, 2009
Journal of Pension Benefits, Winter 2009 The advantages of defined benefit plans for employees are well-recognized, but less well-understood are the economic benefits these plans can provide employers and taxpayers. This article reviews the findings of a recent study on the economic efficiencies of defined benefit plans and concludes that defined benefit plans can do […]
In the News • November 9, 2009
The Detroit News, November 9, 2009 — Municipal Employees Retirement System of Michigan CEO Anne Wagner says that defined contribution plans alone cannot provide a secure retirement. She indicates that individual accounts were originally meant to be a supplement for retirement. Wagner cites a recent study by the National Institute for Retirement Security indicating that defined benefit plans […]