In the News • February 2, 2014
“Arizona’s public pension systems for state employees, public safety personnel and corrections officers are on a path toward financial stability, according to a study by a bipartisan think tank. Despite having funding to meet 71.6 percent of pension obligations — a gap of $14.5 billion — reforms enacted in 2011 have curtailed the growth of […]
In the News • January 31, 2014
It was a busy week in Washington on retirement. Diane Oakley discusses new proposals from President Obama and Senator Harkin on C-SPAN’s Washington Journal. Watch the full interview here.
In the News • January 22, 2014
“Last week’s announcements about 2013 earnings by California’s largest public pension funds suggest the agencies may be making significant progress in shaking off the lingering after-effects of the 2008 stock market crash. The California Public Employees’ Retirement System (CalPERS) said it rode a 25 percent run-up in stock prices to post a 16.2 percent gain for its […]
In the News • January 3, 2014
“A global retirement crisis is bearing down on workers of all ages. Spawned years before the Great Recession and the 2008 financial meltdown, the crisis was significantly worsened by those twin traumas. The crisis will play out for decades, and its consequences will be far-reaching. Many people will be forced to work well past the […]
In the News • January 2, 2014
Is retirement out of reach? Diane Oakley discusses the retirement savings shortfall on CSPAN’s Washington Journal. NIRS research finds retirement savings are dangerously low, and the U.S. retirement savings deficit is between $6.8 and $14.0 trillion. Watch the full interview here.
In the News • September 23, 2013
A Bloomberg article cites data from the National Institute on Retirement Security on the gravity of the retirement savings crisis. The article states, “About 7.2 million Americans who were 65 and older were employed last year, a 67 percent increase from a decade ago, according to government data. Yet 59 percent of households headed by […]
In the News • July 1, 2013
NIRS Executive Director Diane Oakley weighs in on the retirement savings shortfall facing Americans in this USA Today article, citing NIRS’ study The Retirement Savings Gap: Is It Worse Than We Think? Read the article here.
In the News • June 26, 2013
CBS MoneyWatch reports on the NIRS findings from “The Retirement Savings Crisis: Is It Worse Than We Think?” which analyzed the state of Americans’ retirement savings and compared them to benchmarks gauging progress toward maintaining retirement living standards. Read the article here.
In the News • June 24, 2013
Persistent unemployment and stagnant wages have left many workers treading water, struggling so hard to both stay afloat and save for retirement. The New York Times’ Economix blog covers the new NIRS research on the retirement savings gap. Read the article here.