In the News • February 27, 2009
BNA Daily Report for Executives, February 27, 2009 Defined benefit pension plans provided by state and local governments act as an “automatic stabilizer” for the economy, according to a report released Feb. 26 by the National Institute on Retirement Security. Defined benefit pensions are automatic stabilizers … providing important stimulus during these tough times,” Beth […]
In the News • February 27, 2009
The Advocate Capital News Bureau, February 27, 2009 The spending of pension dollars by government retirees supported significant economic growth in Louisiana, according to a report released Thursday by the National Institute on Retirement Security. Beth Almeida, executive director of the institute, said defined benefit pensions — where the retirement benefit lasts a lifetime — […]
In the News • February 26, 2009
Sioux City Journal, February 26, 2009 DES MOINES — Iowa’s public pension plans support 10,422 jobs and have a “sizable” $1.4 billion economic impact that “ripples” across the state and touches every industry, according to an analysis issued Thursday. The study conducted by NIRS, a non-profit, non-partisan organization representing employee benefit plans, agencies that manage […]
In the News • February 26, 2009
Dayton Business Journal, February 26, 2009 In fiscal years 2005-06, state and local pension plans boosted the economy by more than $358 billion, according to a study released Thursday by the National Institute of Retirement Security (NIRS). Those benefits included supporting more than 2.5 million American jobs that paid $92 billion, providing $57 billion in […]
In the News • February 26, 2009
Pensions & Investments, February 26, 2009 Benefits received from state and local defined benefit plans during 2006 generated $358 billion in economic output nationwide and $57 billion in tax revenue and supported 2.5 million jobs that paid workers a total of $92 billion, according to a National Institute on Retirement Security study. “In the current […]
In the News • February 26, 2009
Washington Business Journal, February 26, 2009 In fiscal years 2005-06, state and local pension plans boosted the economy by more than $358 billion, according to a study released Thursday by the National Institute of Retirement Security. Those benefits included supporting more than 2.5 million American jobs that paid $92 billion, providing $57 billion in tax […]
In the News • February 26, 2009
Business Week, February 26, 2009 The National Institute on Retirement Security has published a report on public pension plans and outlining the big economic benefit they bring. The study focuses on retiree spending, and how that helps the economy. It argues that these defined benefit plans become an “automatic stabilizer” for the economy by supporting […]
In the News • February 26, 2009
Global Pensions, February 26, 2009 — State and local government pension plans have a total economic impact of more than $358 billion and supported more than 2.5 million American jobs, a new report by the National Institute on Retirement Security reveals. Jonathan Stapleton reports that “Pensionomics: Measuring the Economic Impact of State and Local Pension Plans,” finds […]
In the News • January 31, 2009
The Advocate, January 31, 2009 NIRS executive director says that defined contribution plans, such as 401(k) — where employees have a certain amount for their retirement years, not a defined benefit that lasts their lifetime — are meant to supplement pensions. “They don’t work well when they’re the only egg in your basket,” she said. Read […]