In the News • August 15, 2008
Global Pensions, August 15, 2008 Saving in a defined benefit (DB) pension plan can deliver the same level of retirement income at almost half the cost of a defined contribution (DC) scheme, latest research reveals. A report by the National Institute on Retirement Security (NIRS) found the overall cost to employers and their workers was 46% lower […]
In the News • August 15, 2008
Financial News/Dow Jones, August 15, 2008 Stephanie Baum reports on a new NIRS report that finds defined contribution schemes such as 401-K plans are more expensive for employers to implement even as companies shift toward them and away from defined benefit schemes. The study concludes that the cost for employers to fund the target retirement benefit using a defined benefit […]
In the News • August 14, 2008
Pension and Investments, August 14, 2008 Reporter Drew Carter covers the NIRS report, “A Better Bang for the Buck: The Economic Efficiencies of Defined Benefit Pension Plans.” The article reports that the NIRS study finds that DB plans cost 46% less than defined contribution plans because of better investment performance, lower fees and longevity risk pooling. Beth Almeida, NIRS […]
In the News • August 14, 2008
PlanAdviser, August 14, 2008 Rebecca Moore reports that defined benefit (DB) retirement plans are a less costly benefit for employers than a defined contribution (DC) plan according to research from the National Institute on Retirement Security (NIRS). The economic efficiencies inherent in a defined benefit retirement plan make it less costly, according to Beth Almeida, executive director of […]
In the News • August 14, 2008
PlanSponsor, August 14, 2008 The economic efficiencies inherent in a defined benefit retirement plan makes it a less costly benefit for employers to provide than a defined contribution retirement plan reports PlanSponsor. So said Beth Almeida, Executive Director of the National Institute on Retirement Security (NIRS), as she concluded an overview of the findings in a new report, […]
In the News • August 4, 2008
The Wall Street Journal, August 4, 2008 Reporter Jennifer Levitz profiles the West Virginia’s switch back to the traditional pension system. According to the article, West Virginia school employees shifted from a pension plan that guaranteed a monthly check, to a retirement-savings plan that would make the teachers, bus drivers, custodians and other staff responsible for their own investment […]
In the News • August 3, 2008
Financial Times, August 3, 2008 In an article following a Congressional hearing on pensions, the Financial Times reports that lawmakers are interested in efforts to revitalize pensions plans amid worries that Americans are not saving enough for retirement. The paper also reports that lawmakers and the experts they interviewed at the hearing said those closures could undermine the economy. […]
In the News • August 1, 2008
Governing, August 2008 Reporter Penelope Lemov reports that some state pension plans are doing so well that the private sector could use their advice. The article explains that states are interested in having its private citizens, as well as its public employees, financially prepared for retirement. Those who aren’t prepared are likely to be dependent on the state for assistance. NIRS […]
In the News • July 14, 2008
Global Pensions, July 14, 2008 in an article about the July 10th Joint Economic Committee hearing, NIRS comments on the economic importance of pensions. “Pensions are much more than the cornerstone of retirement security. The assets held by pension funds make a significant contribution to the economy and provide capital to create new businesses and jobs. This aspect of […]