In the News • June 9, 2009
The Daily News, June 9, 2009 Over the past year, not only have retirement funds dropped in value, but to make matters worse, many people have tapped into their savings to shore up finances. Many employers have stopped making matching contributions. The result is a diminishing confidence in one’s ability to retire someday. Worry about […]
In the News • June 1, 2009
The Wall Street Journal, June 1, 2009 – The editorial “Golden (State) Opportunity” regarding California’s budget problems is misguided in its suggestion to move the state’s public servants from a defined-benefit pension into individual retirement accounts. Freezing pensions and switching to a system of individual accounts can carry additional costs. The reason is twofold: Accounting […]
In the News • June 1, 2009
US News & World Report, June 1, 2009 Traditional pensions that pay out guaranteed benefits for life aren’t easy to come by these days. There are some holdout industries that continue to reward employees with pensions benefits — including public service, large private sector employers and very small employers. NIRS tells US News, “If you are […]
In the News • June 1, 2009
NIRS submits a response to the July 13th USA Today editorial. The paper is on the receiving end of misinformation regarding pensions and retirement security. It’s also unfortunate that the editorial pits workers with some hope of retirement against workers most vulnerable – those lacking pensions. The implication that defined benefit plans no longer exist in the […]
In the News • May 20, 2009
Global Pensions, May 20, 2009 Canada should reform its pension system by creating a hybrid model which resembles the one in place in the Netherlands, the Ontario Teachers’ Pension Plan president and chief executive says. Jim Leech called for an overhaul of the Canadian pension system that would incorporate both defined benefit and defined contribution […]
In the News • May 18, 2009
Pensions & Investments, May 18, 2009 Longer life spans, lower wages than their male counterparts and less access to pension plans make women more vulnerable in retirement, according to a report by the Washington-based National Institute on Retirement Security. Ilana Boivie, co-author of “Shattering the Retirement Glass Ceiling: Women Need a Three-Legged Stool,” said in […]
In the News • May 11, 2009
CEPR Journal, May 2009 The recession that has gripped California’s economy has created intense pressures on public sector budgets, where officials are forced to meet demands for greater services in the face of declining tax revenues. In turn, this may intensify efforts by taxpayer groups to dismantle traditional “defined benefit” pension programs for public employees. […]
In the News • May 10, 2009
Oregonian, May 10, 2009 Marie Coco covers NIRS new research brief and says Mother’s Day is a time for more conversations about how mothers—and all American women—are going to be supported in old age. Women used to depend on traditional pensions that under the law protected surviving spouses, usually a widow, with lifetime monthly benefits. These […]
In the News • May 10, 2009
The Leaf Chronicle, May 10, 2009 Marie Coco covers NIRS new research brief and says Mother’s Day is a time for more conversations about how mothers—and all American women—are going to be supported in old age. Women used to depend on traditional pensions that under the law protected surviving spouses, usually a widow, with lifetime monthly […]