In the News • March 13, 2020
BenefitsPro reports: “Don’t mess with public pensions. Unless, that is, you want small towns and rural communities to suffer. That could be one way to interpret some of the findings of a report from the National Institute on Retirement Security. The report reveals that not only do such communities experience an outsized benefit from those pensions, […]
In the News • January 17, 2020
CNBC reports that retirement income is often thought to come from three sources: Social Security, pensions and savings. “That combination is often called a three-legged stool, a metaphor for the money retirees use to support themselves once they are no longer working full time. However, a new report finds that very few retirees actually have […]
In the News • January 14, 2020
A Washington Post column says that Bernie Sanders is “a longtime Social Security champion and last year introduced legislation that would increase benefits for lower-income Americans, as well as change the cost-of-living formula to compensate for the higher inflation seniors experience thanks to their disproportionate medical spending.” “It’s tough to overstate how important Social Security […]
In the News • January 14, 2020
MarketWatch reports that “Democratic candidates have voiced their opinions on climate change, universal health care and the current president for months, but Tuesday marks the seventh and last debate before primary voting begins — and they still haven’t talked much about Americans’ future financial security.” Although their positions may be similar, considering they’re all Democrats, […]
In the News • January 14, 2020
A Forbes column indicates that retirement security is on a treacherous path for the future with dwindling pensions and proposals to cut Social Security. “The most surefire way to achieve a secure retirement is to have income from a three-legged stool of a defined benefit pension plan, a 401(k) combined with other personal savings and […]
In the News • December 23, 2019
A New York Times opinion pieces says that “the aging of America demands serious reconsideration of the way we live. Confronting the issue and its many implications, from Medicare’s failure to cover long-term care to the ethics of physician-assisted dying, requires what seems to be the most difficult task for human beings — thinking about […]
In the News • December 18, 2019
Plan Sponsor reports that recent studies find 401(k)s have increased retirement savings gaps among demographic groups, and those in 401(k)s have not met their savings potential, while DB plans offer more equality. “The National Institute on Retirement Security (NIRS) has published an Issue Brief that contends financial asset inequality is exacerbated by regressive tax incentives […]
In the News • November 16, 2019
Route 50 covers NIRS’ public opinion survey, State and Local Employee Views on Their Jobs, Pay and Benefits. “The National Institute on Retirement Security released survey results this week that show about 74% of millennial state and local employees said a pension benefit is a major reason why they chose a public sector job, compared […]
In the News • November 11, 2019
Fox Business reports on NIRS research that finds that financial asset inequality among Americans continues to increase, and the inequality is consistent across generations. “Older adults in the U.S. are facing a record-high level of income inequality in the U.S., despite consistent economic growth. And the wealth disparity may be due to the differences in […]