In the News • January 14, 2009
Boomer Market Advisor, January 14, 2009 It’s now obvious retirement insecurity is a full-blown epidemic across the nation. The National Institute on Retirement Security released a new public opinion today revealing more than eight out of 10 Americans worry about their ability to retire. What can be done? Fifty-five percent of Americans believes a pension […]
In the News • January 1, 2009
PlanSponsor, January 2009 NIRS executive director says that ensuring employees have a secure retirement is a different goal from creating wealth. If the goal is to provide a secure retirement, she says, DB plans give taxpayers a bigger bang for the buck. Furthermore, DB benefits also insulate employees from the risk of outliving their assets and […]
In the News • December 23, 2008
US News and World Report, December 23, 2008 Your New Year’s resolutions are going to require more sacrifice than usual this year. Layoffs, benefit cuts, and disappearing 401(k) balances have lashed workers in 2008. Yet everyone still has to provide for retirement. US Newsoffers 10 ways you can resolve to get your retirement plan back on […]
In the News • December 23, 2008
US News and World Report, December 23, 2008 — Simply finding a job in 2009 will be challenging for many. “But if you can, seek an employer offering a traditional pension,” advises Beth Almeida, executive director of the National Institute on Retirement Security. Almeida adds, “Pensions offer what Americans are looking for: the security and peace of […]
In the News • December 3, 2008
Rocky Mountain News, December 3, 2008 In a letter to the editor regarding Colorado’s public pension, Marie Valenzuela writes that data in a recent NIRS research report indicates that defined contribution plans are significantly more expensive to fund than defined benefit plans. She continues, “I hope that a good deal of thought and unbiased research goes into the […]
In the News • December 3, 2008
The Kiplinger Letter, December 3, 2008 Renuka Rayasam reports on the transition to the new pension funding requirements passed in 2006 — which couldn’t come at a worse time. “We are in a transition period to a new funding regime, and then the financial crisis throws over the apple cart,” says Beth Almeida, executive director […]
In the News • December 1, 2008
Plan Advisor, December 1, 2008 Janet Aschkenasy reports in the kinds of questions plan sponsors and advisers need to address if they’re going to free participants of the notion that a plan loan or hardship withdrawal is the best place to turn for the extra cash many so sorely need in the current financial environment. Plan […]
In the News • November 25, 2008
BNA Daily Report for Executives, November 25, 2008 An analysis of public plan investment behavior released Nov. 24 showed that public plan fiduciaries reacted prudently to the market downturn in 2000 and can be expected to do the same in response to the current market collapse. The report, In It For the Long Haul, published by […]
In the News • November 24, 2008
Plan Sponsor, November 24, 2008 Rebecca Moore on new NIRS analysis of public pension investment data that indicates that public plans exhibit prudent investment behavior even during volatile market conditions. Report co-author Dr. Jeffrey Wenger remarked, “The results underscore that public pensions are suitable for plan participants when debt and equity markets are tranquil or […]