Press Release • June 1, 2013
Typical Working-Age Household Has $3,000 Saved for Retirement; Retirement Underfunding Ranges from $6.8 to $14 Trillion Webinar on Thursday, June 20, 2013 at 11 AM ET WASHINGTON, D.C., JUNE 20, 2013 – A new research report calculates that the magnitude of the retirement savings shortfall is staggering. When all working-age families are counted, the typical family […]
Press Release • February 1, 2013
WASHINGTON, D.C., Feb. 26, 2013 – A new research report finds overwhelming support for Congressional action to provide all Americans with access to a new type of privately run pension plan. The research finds that Americans remain highly anxious about retirement, and see pensions as a way to improve retirement readiness. NEW STUDY FINDS OVERWHELMING SUPPORT […]
Press Release • January 1, 2013
WASHINGTON, D.C., January 23, 2013 – A new primer provides a comprehensive overview of the public pensions investment process, which has garnered increased attention in the wake of economic shocks that recently have impacted all investors. NEW ISSUE BRIEF OUTLINES PUBLIC PENSION INVESTMENT PROCESS Webinar Today at 1 PM ET to Review Findings; Register Here WASHINGTON, […]
Press Release • December 1, 2012
WASHINGTON, D.C., December 5, 2012 – Faced with financial pressures, 45 states have enacted defined benefit (DB) pension plan reforms since 2008 to achieve affordability, sustainability, and human resource goals rather than switching to 401(k) type defined contribution (DC) accounts. PENSION PLAN MODIFICATIONS PROVIDE SUSTAINABILITY Shifting From Pensions Not Optimal, Can Trigger Unintended Consequences Webinar […]
Press Release • November 14, 2012
November 14, 2012, A new research brief examines the workforce impacts of existing defined benefit (DB) pension plans to assess the likely effects of a switch to defined contribution (DC) individual accounts or cash balance plans. New Research Examines Human Resource Impacts of Pensions During Economic Downturn, Nearly All State & Local Employers Modified Pensions […]
Press Release • July 26, 2012
July 26, 2012, Rates of poverty among older households lacking pension income were approximately nine times greater than the rates among older households with DB pension income in 2010, up from six times greater in 2006 a new study calculates. Pension Income in 2010 Resulted in Public Assistance Savings of $7.9 Billion, 4.7 Million Fewer […]
Press Release • October 31, 2011
The Three Rs of Teacher Pension Plans: Recruitment, Retention, and Retirement finds that pensions play a critical role in school effectiveness and save money by reducing teacher turnover costs. PENSIONS IMPROVE QUALITY OF U.S. PUBLIC EDUCATION SYSTEM, REDUCE TURNOVER COSTS Pensions Help Retain 22,000 Teachers, Save $273 Million Nationally Webinar to review the finding scheduled for […]
Press Release • June 29, 2011
June 29, 2011, Washington D.C. — A new NIRS research report examines selected statewide public pension plans to identify common elements of plans that remained well funded despite two severe economic downturns. Download report here. Download PowerPoint here. The study identifies six features that enabled those plans examined to remain sustainable and affordable: Employer pension contributions that pay the […]
Press Release • March 8, 2011
March 8, 2011, Washington, D.C. — A new public opinion research report finds that an overwhelming majority of Americans believe the nation’s retirement infrastructure is crumbling and that stock market volatility makes it impossible to predict retirement savings. Download Research here. Download Press Release in PDF here. View CNBC coverage of the report here. The research also finds that Americans […]