Policy Ideas for Boosting Defined Benefit Pensions In The Private Sector
In response to a request for information issued by the U.S. Senate Health, Education, Labor, and Pensions (HELP) Committee, the National Institute on Retirement Security has submitted a research issue brief with policy ideas to help expand defined benefit (DB) pension coverage for private-sector employees. The research brief, Policy Ideas for Boosting Defined Benefit Pensions […]
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What Do Women Think About Retirement?
Women face an uphill climb when it comes to preparing for retirement. They earn less than men, often take time away from the workforce for caregiving, they live longer, and are less likely to have access to a retirement plan at work. In fact, U.S. Census Bureau data show that half of women ages 55 […]
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Employees’ Retirement System Of Rhode Island: Examination Of Turnover Trends Since Retirement Reforms
Employees’ Retirement System Of Rhode Island: Examination Of Turnover Trends Since Retirement Reforms finds shifting employees in the Employees’ Retirement System of Rhode Island (ERSRI) from defined benefit pensions in 2012 to a hybrid retirement plan is causing demonstrable changes in public employee attrition.
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Retirement Insecurity 2024: Americans’ Views of Retirement
This national opinion research finds 83% of Americans believe all workers should have a pension, 79% say the nation faces a retirement crisis, and they want action now on Social Security.
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No Quick Fix: Closing a Public Pension Plan Leads to Unexpected Challenges
No Quick Fix: Closing a Public Pension Plan Leads to Unexpected Challenges tracks the experience of five states that shifted new employees away from defined benefit (DB) pensions to defined contribution (DC) or cash balance plans. Among states that switched to a DC plan, costs rose, negative cash flow grew, and employee turnover increased. Additionally, […]
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Closing the Gap: The Role of Public Pensions in Reducing Retirement Inequality
Closing the Gap: The Role of Public Pensions in Reducing Retirement Inequality finds that defined benefit pensions play a critical role in delivering adequate retirement income for older Americans while providing a key buffer against economic hardship for women, Blacks, Latinos, and those without a four-year college degree. The report also finds that the wealth […]
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