In the News • January 14, 2013
January 14, 2013 – The Washington Post quotes NIRS executive Director Diane Oakley. “We’re going from bad to worse. Already, fewer private-sector workers have access to stable pension plans. And the savings in individual retirement savings accounts like 401(k) plans — which already are severely underfunded — continue to leak out at a high rate.” […]
In the News • January 10, 2013
January 10, 2013 – A USA Today column quotes NIRS executive Director Diane Oakley on the economic efficiencies of defined benefit pension plans. “Over 30 years, Oakley says, money in individual retirement accounts can be expected to return nearly 25% less than equal amounts of money poured into traditional pension plans.” Read the full column here.
In the News • November 6, 2012
November 6, 2012 – The Washington Post reports on the retirement prospects facing young workers as the slow economic recovery has caused employers to reduce pension benefits and cut retirement contributions. NIRS weighs in on what this means for the Millennials and their futures. Read the full story here.
In the News • September 27, 2012
September 27, 2012 – How valuable are traditional pensions to Americans? The Alliance for Retirement Income Adequacy covers NIRS’ work, The Pension Factor and Pensionomics 2012, as well the trend that employees – young and old – are finding value in traditional DB pensions. Read the full story here.
In the News • August 8, 2012
August 8, 2012 – ThinkProgress covers the decline in dependence on pension benefits that will likely lead to a rise in poverty for America’s future retirees, according to The Pension Factor 2012. The study found that seniors — a demographic that typically has lower poverty rates than younger Americans — who live in a home without […]
In the News • August 8, 2012
August 8, 2012 – Reuters reports on NIRS’ findings in the newly updated Pension Factor 2012 and determines that the “economic safety net” of pensions is fraying quickly as Americans over age 60 receiving income from a defined benefit pension has dropped rapidly in the public and private sector. Read the full story here.
In the News • July 26, 2012
July 26, 2012 – In a time when both public and private-sector jobs are increasingly insecure and defined benefit (DB) pension plans are becoming increasingly scarce, AdvisorOne reports that the concept of DB pensions is a major factor in keeping older Americans out of poverty. Meanwhile, public sector employees are less confident that they will […]
In the News • July 26, 2012
July 26, 2012 – PLANSPONSOR reported that older households with lifetime pension income were far less likely to experience food, shelter and health care hardship, and are less reliant on public assistance, citing NIRS’ The Pension Factor 2012 report, released on July 26, 2012. Read the full story here.
In the News • July 26, 2012
July 26, 2012 – Rates of poverty among older Americans without defined benefit pensions were nine times greater in 2010 than for those with the pension plans, up from six times greater in 2006, reports Pension & Investments, covering the release of The Pension Factor 2012. Read the full story here.