In the News • October 2, 2011
October 2, 2011 — When given the choice between a traditional defined benefit pension or a defined contribution savings plan, the vast majority of public employees chose the traditional pension plan, reports Institutional Investor, citing Decisions, Decisions. Read the story here.
In the News • September 30, 2011
September 30, 2011 — Public-sector employees overwhelmingly choose defined benefit plans over defined contribution plans 75% to 98%, reports Pensions & Investments, citing Decisions, Decisions: Retirement Plan Choices for Public Employees and Employers. Report co-author and Milliman Inc. actuary and principal Mark Olleman told P&I,“If you had an election with 75% of the vote (for a candidate), […]
In the News • September 30, 2011
September 30, 2011 — Reuters reports that many states are looking to reshape their retirement plans to resemble those private sectors, but they have yet to examine the true costs and benefits of switching plans from a defined benefit to a defined contribution plan. “Most states that have done those feasibility studies have found that […]
In the News • September 30, 2011
September 30, 2011 — Investment News’ INsider highlights Decisions, Decisions: Retirement Plan Choices for Public Employees and Employers, and calls public employees “pretty darn smart” for their overwhelming support of a DB pension plan over a DC or 401(k) style plan. Read the story here.
In the News • September 29, 2011
September 29, 2011 — The findings of NIRS’s report, Decisions, Decisions: Retirement Plan Choices for Public Employees and Employers, were reviewed by AdvisorOne, who noted that public employees selected pension-style plans between 75% and 98% of the time. Read the story here.
In the News • September 29, 2011
September 29, 2011 — BenefitsPro highlighted the new research report, Decisions, Decisions, released Thursday by NIRS and Milliman Inc., which illustrates how public sector employees prefer defined benefit pensions over 401(k)-type defined contribution individual accounts. Read the story here.
In the News • September 29, 2011
September 29, 2011 — PLANSPONSOR reports that NIRS and Milliman report, Decisions, Decisions: Retirement Plan Choices for Public Employees and Employers shows that DB pensions are preferred over 401(k)-type defined contribution plans. Read the story here.
In the News • September 7, 2011
September 7, 2011 — Amid discussions to reform public pensions, Rhode Island lawmakers met on Tuesday, September 6 for a pension tutorial from pension experts, including NIRS executive director Diane Oakley. NIRS executive director Diane Oakley addressed the state lawmakers, cautioning them about an abrupt switch to defined-contribution plan. “If investment losses cannot be recouped by retirement […]
In the News • August 9, 2011
August 9, 2011 — In a story covering Verizon employee benefits at issue, NIRS tells the Pittsburgh Tribune-Review that market drops make it hard for workers with 401(k) plans to recoup losses before retirement. NIRS executive director Diane Oakley also commented on the unfortunate trend of companies switching employee retirement plans from defined benefit to defined contribution […]