In the News • August 2, 2010
August 2, 2010 — The Wall Street Journal has published the National Institute on Retirement Security’s letter to the editor regarding the economic efficiencies of defined benefit pension plans and the implications of a pension freeze. NIRS director of programs Ilana Boivie writes that any actuary or economist can explain that, dollar for dollar, a group pension […]
In the News • July 1, 2010
July 2010 — The Journal of Pension Benefits has published a NIRS analysis of why defined benefit pensions have proven to be a durable feature of compensation for state and local governments. As we look across the nation, we see governments making a number of changes to their retirement plans—increasing contributions, adjusting retirement ages, and modifying benefit […]
In the News • June 1, 2010
June 1, 2010 — NIRS writes in The New York TimesRoom for Debate that longer lives have become an economic bogeyman. A closer look at the data reveals not only can we afford retirement, we can afford more of it. In fact, improvements in longevity are very gradual and quite predictable. Over the past half-century, life […]
In the News • April 29, 2010
April 29, 2010 — The Detroit Free Press reports on the new study, “Out of Balance?” that finds Michigan public employees are paid, on average, less than private-sector employees with comparable skills and educational levels. Public employees nationwide are paid about 12% less than their private-sector counterparts. That has been a trend for 20 years, according to […]
In the News • April 29, 2010
April 29, 2010 — Employee Benefit News reports that although benefits comprise a slightly larger share of compensation for public-sector employees, they still earn less than their private-sector counterparts even after accounting for the value of retirement plans, health care and other benefits. On average, total compensation, which includes employee benefits, is 6.8% lower for state employees […]
In the News • April 29, 2010
April 29, 2010 — The Times Union asks: are workers in the public sector really overpaid and too comfy for their own good? According to a new study from the Center for State and Local Government Excellence and National Institute on Retirement Security, not really. Analysis of Bureau of Labor Statistics data showed that state and local […]
In the News • April 28, 2010
April 28, 2010 — CBS reports on the new study, “Out of Balance?” that finds when you adjust for education and other job characteristics, public workers make less than private sector counterparts. The typical state worker makes 11 percent less than someone in the private sector, while a local government employee makes 12 percent less, according to […]
In the News • April 28, 2010
April 28, 2010 — Reuters reports on the new study, “Out of Balance?” finding that state and local employees often are paid less than their counterparts in the U.S. private sector, even though public sector employees typically have more education. Public employees also have lower total compensation, which includes health care, than workers in the private sector. And […]
In the News • April 28, 2010
April 28, 2010 — CNN Money reports on the new report, “Out of Balance?” finding that the compensation gap is widening for state and local workers as compared to private sector counterparts. Public workers earn 11% to 12% less than workers in private companies even when accounting for benefits. “For a long time, there has been a […]