A new study by Ernst and Young finds that those with a source of guaranteed income beyond Social Security, such as defined benefit (DB) pension plans and annuities, are much better prepared in retirement than those without.  

Two important media outlets have published noteworthy articles on retirement security issues. 

An August 4th Wall Street Journal feature covered West Virginia’s switch back to the pension system. 

At a Congressional hearing before the Joint Economic Committee yesterday, Rep. Earl Pomeroy, D-N.D., declared it a good day for pensions.  First, Senator Robert Casey, D-Penn., has convened the hearing to examine the economic and retirement security benefits of pensions.

The Wharton School’s online business journal, Knowlege@Wharton, has featured a research paper coauthored by Beth Almeida, NIRS executive director.

The journal reports that the paper, “The New Intersection on the Road to Retirement: Public Pensions, Economics, Perceptions, Politics, and Interest Groups” examined public pension data and presented case studies from four states that recently had been under pressure to switch from  traditional plans and to defined contribution individual accounts.