In the News • July 26, 2012
July 26, 2012 – Pension reform in California threatens millions of elders who could be facing poverty without their pension checks, reports The California Majority Report. NIRS executive director Diane Oakley was quote; “There is a steep price to pay when older Americans can no longer be self-sufficient in retirement – either as increased public assistance […]
In the News • July 26, 2012
July 26, 2012 – The Salt Lake Tribune covered the release of NIRS’ The Pension Factor 2012 report, citing the benefits of defined benefit pensions in keeping elder households out of poverty after Utah politicians led a charge to reform Utah’s public employee pension system, ultimately shifting new state employees from DB pensions to capped DC plans […]
In the News • June 25, 2012
June 25, 2012 – Bankrate.com reporter reflects on her retirement realizations after listening to NIRS executive director at a National Press Foundation event. She draws on NIRS’ public opinion research to show American’s true thoughts about their retirement readiness. Read the full story here.
In the News • June 20, 2012
June 20, 2012 – Reuters’ columnist interviews NIRS executive director Diane Oakley on the most important things to consider before cutting defined benefit pension payments to public employees. The article reports that the top five things to consider before making the leap away from defined benefit plans include: Pensions aren’t simply a gift from taxpayers. […]
In the News • June 5, 2012
June 5, 2012 – StateImpact, a reporting project of NPR, looked at a bill in New Hamshire seeking to replace the DB pension plan with a DC plan. StateImpact collected sources, including A Better Bang for the Buck report, to provide lawmakers and the public with reliable facts on pensions. NIRS’ Better Bang for the Buck report shows […]
In the News • May 5, 2012
May 5, 2012 – When picking a place to retire, an important criteria is the percentage of people collecting pensions. The Wall Street Journal reports that states with many pensioners have greater financial stability. Frank Porell, NIRS report author and an economist at the University of Massachusetts Boston, tells The Wall Street Journal, “These households are better off, […]
In the News • March 28, 2012
March 28, 2012 – Top1000Funds.com covers the release of Pensionomics 2012, focusing on the roll that investments and returns have on pension funds. NIRS data shows a majority of contributions to DB pension funds come from investment earning. Read the full story here .
In the News • March 6, 2012
March 6, 2012 – P&I reports that New York State Comptroller Tom DiNapoli reaffirmed his opposition to a defined contribution proposal in New York, and cited NIRS ‘Better Bang for the Buck’ study. Read the full story here.
In the News • March 6, 2012
March 6, 2012 – Plan Sponsor reports on Pensionomics 2012, including the findings that DB pension expenditures support some $1 trillion in economic output and 6.5 million American jobs nationwide. Read the full story here.