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.
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 […]