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Date: September, 2008

• In the News • September 11, 2008

  Public Pensions Save Taxpayer Money

  The Las Vegas Review-Journal  on Sept. 11 runs a NIRS letter regarding the Public Employees’ Retirement System of Nevada.  The paper “missed the facts” and even the Las Vegas Chamber of Commerce concedes the system is “well-managed and prudently administered.” The letter continues with information on the finances of Nevada PERS, the economics of pensions, as well as the recent experiences of states that have experimented with changing their pension […]

• In the News • September 9, 2008

  Dipping into 401(k) Funds on the Rise

  Atlanta Journal-Constitution September 9, 2008 The paper reports that the tough economy and tight credit have pushed more people to rob their future to pay today’s debts.  401(k) plans are being raided with greater frequency to pay medical bills and credit-card debt, avert home foreclosures and other big-ticket problems, and even pay for day-to-day expenses, such as groceries. […]

• In the News • September 8, 2008

  DB Plans May Be Better Value for Employers

  Workforce Management, September 8, 2008 Jessica Marquez reports that espite the widespread notion that defined-benefit plans are more expensive for employers to manage than defined-contribution plans, a new report finds that might not be the case. The article indicates that in fact, defined-benefit plans can deliver the same benefit at half the cost of defined-contribution plans, according to […]