In the News • August 14, 2008
PlanSponsor, August 14, 2008 The economic efficiencies inherent in a defined benefit retirement plan makes it a less costly benefit for employers to provide than a defined contribution retirement plan reports PlanSponsor. So said Beth Almeida, Executive Director of the National Institute on Retirement Security (NIRS), as she concluded an overview of the findings in a new report, […]
In the News • August 4, 2008
The Wall Street Journal, August 4, 2008 Reporter Jennifer Levitz profiles the West Virginia’s switch back to the traditional pension system. According to the article, West Virginia school employees shifted from a pension plan that guaranteed a monthly check, to a retirement-savings plan that would make the teachers, bus drivers, custodians and other staff responsible for their own investment […]
In the News • August 3, 2008
Financial Times, August 3, 2008 In an article following a Congressional hearing on pensions, the Financial Times reports that lawmakers are interested in efforts to revitalize pensions plans amid worries that Americans are not saving enough for retirement. The paper also reports that lawmakers and the experts they interviewed at the hearing said those closures could undermine the economy. […]
In the News • August 1, 2008
Governing, August 2008 Reporter Penelope Lemov reports that some state pension plans are doing so well that the private sector could use their advice. The article explains that states are interested in having its private citizens, as well as its public employees, financially prepared for retirement. Those who aren’t prepared are likely to be dependent on the state for assistance. NIRS […]
In the News • July 14, 2008
Global Pensions, July 14, 2008 in an article about the July 10th Joint Economic Committee hearing, NIRS comments on the economic importance of pensions. “Pensions are much more than the cornerstone of retirement security. The assets held by pension funds make a significant contribution to the economy and provide capital to create new businesses and jobs. This aspect of […]
In the News • July 11, 2008
Bureau of National Affairs, Pension & Benefits Daily, July 11, 2008 Read PDF here Public pension plans are “getting it right,” so the federal government does not need to get involved, speakers told a hearing of the Joint Economic Committee July 10. In addition, they suggested, public plans should be used as a model for the private sector. […]
In the News • July 10, 2008
Pensions & Investments, July 10, 2008 In article published regarding a Congressional hearing on pensions, Sen. Robert Casey, D-Pa., expressed concern that the shift to defined contribution plans from defined benefit plans is adding “substantially to the risk we are asking ordinary Americans to take.” Read the full article at Pensions & Investments. (Subscription required)
In the News • July 2, 2008
Business Week, July 2, 2008 An article in the Annual Retirement Guide mentions NIRS first Issue Brief. “A May study by the research group National Institute on Retirement Security found that about one in three households approaching retirement is at risk of running out of money.” Read the full article at Business Week.
In the News • June 11, 2008
Knowledge@Wharton, June 11, 2008 The Wharton School’s online business journal has featured a research paper coauthored by Beth Almeida, NIRS executive director. The journal reports that the paper, “The New Intersection on the Road to Retirement: Public Pensions, Economics, Perceptions, Politics, and Interest Groups” examined public pension data and presented case studies from four states that […]