Defined benefit pension income plays a critical role in reducing the risk of poverty and hardship for older Americans. Poverty rates among older households lacking pension income are about six times greater than those with such income.
February 2, 2010 -- As reported by the Boston Globe, Putnam Investments CEO Robert Reynolds calls for a comprehensive effort in 2010 to strengthen America's public and private retirement savings system.
Let’s hope so. This month, NIRS held its inaugural policy conference,
“Raising the Bar: Policy
Solutions for Improving Retirement Security” in Washington, D.C. to examine just this issue.