Read all about it. Here, you will find the latest news accounts regarding the work of NIRS and important retirement security issues.
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No Pensions Mean More Hardships |
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July 26, 2012 - The Salt Lake Tribune covered the release of NIRS' The Pension Factor 2012
report, citing the benefits of defined benefit pensions in keeping
elder households out of poverty after Utah politicians led a charge to
reform Utah's public employee pension system, ultimately shifting new
state employees from DB pensions to capped DC plans in 2011.
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California Elders Benefit from Pensions |
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July 26, 2012 - Pension reform in California threatens millions of elders who could be facing poverty without their pension checks, reports The California Majority Report. NIRS executive director Diane Oakley was quote; "There is a steep price to pay when older Americans can no longer be
self-sufficient in retirement - either as increased public assistance
costs to taxpayers or backsliding to a time with elder Americans living
in poverty."
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Poverty Rates Rising for Older Americans Without DB Plans |
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July 26, 2012 - Rates of poverty among older Americans without defined benefit pensions
were nine times greater in 2010 than for those with the pension plans,
up from six times greater in 2006, reports Pension & Investments, covering the release of The Pension Factor 2012.
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DB Income Reduces Poverty Risk in Older Americans |
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July 26, 2012 - PLANSPONSOR reported that older households with lifetime pension income were far less likely
to experience food, shelter and health care hardship, and are less reliant on
public assistance, citing NIRS' The Pension Factor 2012 report, released on July 26, 2012.
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Pensions Cut Elder Poverty Dramatically |
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July 26, 2012 - In a time when both public and private-sector jobs are increasingly
insecure and defined benefit (DB) pension plans are becoming
increasingly scarce, AdvisorOne reports that the
concept of DB pensions is a major factor in keeping older Americans
out of poverty. Meanwhile, public sector employees are less confident
that they will be able to retire or afford health care in retirement.
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