In the News • March 1, 2010
March 1, 2010 — In an article about financial services reform proposals, Investment Adviser mentions Elizabeth Warren’s comments at NIRS’ policy conference. At the conference in Washington, D.C. on February 2nd, she told attendees that a consuumer protection agency was “essential” in protecting American families, which are “the front end of our economic system.” Warren said it […]
In the News • February 4, 2010
February 4, 2010 — Benefits Canada reports on TIAA-CREF chief executive Roger W. Ferguson’s speech at the National Institute on Retirement Security’s Raising the Bar conference in Washington, D.C. He called for “a holistic system” that will provide Americans with adequate and secure retirement income. “What we’re really after is retirement security and how to achieve it […]
In the News • February 2, 2010
February 2, 2010 — Pensions & Investments reports on Putnam Investments CEO Robert Reynolds speech at the NIRS policy conference. Mr. Reynolds urged federal policymakers to reform the nation’s retirement system to ensure that all American workers have access to a workplace retirement plan. He also called for the creation of a bipartisan commission to come up […]
In the News • February 2, 2010
February 2, 2010 — As reported by the Boston Globe, Putnam Investments CEO Robert Reynolds calls for a comprehensive effort in 2010 to strengthen America’s public and private retirement savings system. The Globe reports that Reynolds said, “If no action is taken soon, today’s retirement savings status quo threatens to inflict severe financial stress on future generations of […]
In the News • January 18, 2010
January 18, 2010 — The Providence Journal reporting cites NIRS Pensionomics research. The article indicates that “putting money into public-employee pension plans is a good investment. So good that every $1 contributed by taxpayers reaps a return of $4.56 in local economic activity.” The article also reports that “investment earnings and employee contributions provide ‘the lion’s share’ of employee […]
In the News • January 18, 2010
January 18, 2010 — A letter published in the The Morning Call cites NIRS research. NIRS Better Bang for the Buck study is referenced: defined-benefit pensions can provide the same retirement income as defined contribution plans such as a 401(k) at 46 percent of the cost.” Read the full story here.
In the News • January 14, 2010
January 14, 2010 — A letter to the editor published in the Youngstown Vindicator cites NIRS research. Defined benefit plans “can provide the same retirement income as defined contribution plans [cash accounts such as a 401(k)] at 46 percent of the cost due to economic efficiencies from pooled investment risk, higher returns and lower fees. Read the full […]
In the News • January 12, 2010
January 12, 2010 — The Society for Human Resources Management reports that pension experts are warning that the goals set out under the Employee Retirement Income Security Act (ERISA) are in danger of failing as defined benefit pension plans continue to wane. According the NIRS, “Data make a strong case for reviving the use of DB plans.” […]
In the News • January 11, 2010
January 11, 2010 — The Toledo Blade publishes a letter to the editor citing NIRS research. Referring to NIRS Better Bang for the Buck study, the letter indicates that “According to the National Institute on Retirement Security, defined-benefit pensions can provide the same retirement income as defined contribution plans such as a 401(k) at 46 percent of the cost.” […]