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Date: August, 2008

  • In the NewsAugust 19, 2008

    Ageless Pensions a Better Deal

    Chicago Sun-Times, August 19, 2008 A new study found pensions can provide retirement income at 46 percent lower cost than individual accounts, like a 401k. The study released by the National Institute on Retirement Security found that such plans avoid the problem of over-saving and because they are ageless, they can perpetually maintain an optimum balanced investment […]

  • In the NewsAugust 18, 2008

    3 Reasons Pensions Need Less Funding Per Worker Than 401(k)’s

    U.S. News & World Report, August 18, 2008 Emily Brandon writes that a new analysis says 401(k)’s are an inefficient way to finance a secure retirement. The nonprofit National Institute on Retirement Security calculated that a 62-year-old with a final salary of $50,000 would need to have $550,000 in a 401(k) to have an adequate retirement income, determined by […]

  • In the NewsAugust 15, 2008

    The Case for DB

    Benefits Canada, August 15, 2008 This article reports that defined benefit (DB) plan sponsors looking to save money by switching to defined contribution (DC) plans take note: despite commonly held beliefs, DB plans are capable of delivering retirement benefits at a lower cost than DC plans. The National Institute on Retirement Security’s (NIRS) report, A Better Bang […]

  • In the NewsAugust 15, 2008

    Retirement Security Study Highlights Efficiency of DB Plans

    Bureau of National Affairs, August 15, 2008 BNA reports on NIRS latest research, which indicates that defined benefit plans are more cost effective than defined contribution plans because of longevity risk pooling, portfolio diversification, and superior returns. The article indicates that NIRS executive director Beth Almeida calls the report “the first of many that the institute expects to contribute […]

  • In the NewsAugust 15, 2008

    DB Plans Outmaneuvre DC

    Global Pensions, August 15, 2008 Saving in a defined benefit (DB) pension plan can deliver the same level of retirement income at almost half the cost of a defined contribution (DC) scheme, latest research reveals. A report by the National Institute on Retirement Security (NIRS) found the overall cost to employers and their workers was 46% lower […]

  • In the NewsAugust 15, 2008

    Report Finds DC Plans Costly to Employers

    Financial News/Dow Jones, August 15, 2008 Stephanie Baum reports on a new NIRS report that finds defined contribution schemes such as 401-K plans are more expensive for employers to implement even as companies shift toward them and away from defined benefit schemes. The study concludes that the cost for employers to fund the target retirement benefit using a defined benefit […]

  • Press ReleaseAugust 14, 2008

    Pensions Can Provide Retirement Income at Half the Cost of Individual Accounts

    August 14, 2008, Washington, D.C. – A new report finds a defined benefit (DB) pension can deliver the same retirement income at 46% lower cost than an individual defined contribution (DC) account. The analysis calculates that DB pension plans: Avoid the problem of “over-saving” by pooling the longevity risks of large numbers of individuals – resulting in a 15% cost […]

  • In the NewsAugust 14, 2008

    DB Plans 46% Lower than DC

    Pension and Investments, August 14, 2008 Reporter Drew Carter covers the NIRS report, “A Better Bang for the Buck:  The Economic Efficiencies of Defined Benefit Pension Plans.” The article reports that the NIRS study finds that DB plans cost 46% less than defined contribution plans because of better investment performance, lower fees and longevity risk pooling. Beth Almeida, NIRS […]

  • In the NewsAugust 14, 2008

    DB Might be Cheaper Than DC

    PlanAdviser, August 14, 2008 Rebecca Moore reports that defined benefit (DB) retirement plans are a less costly benefit for employers than a defined contribution (DC) plan according to research from the National Institute on Retirement Security (NIRS). The economic efficiencies inherent in a defined benefit retirement plan make it less costly, according to Beth Almeida, executive director of […]