In the News • January 31, 2009
The Advocate, January 31, 2009 NIRS executive director says that defined contribution plans, such as 401(k) — where employees have a certain amount for their retirement years, not a defined benefit that lasts their lifetime — are meant to supplement pensions. “They don’t work well when they’re the only egg in your basket,” she said. Read […]
In the News • January 15, 2009
Global Pensions, January 15, 2009 Current economic conditions have 83% Americans worried about their ability to retire, a survey by the National Institute on Retirement Security (NIRS) has revealed. The findings also indicate that Americans believe pensions can help reduce insecurity, with 55% expressing that a pension would increase their own retirement confidence and 84% […]
In the News • January 15, 2009
Pensions & Investments, January 15, 2009 Almost nine in 10 Americans believe workers should participate in a defined benefit plan, according to a phone survey on behalf of the National Institute on Retirement Security, Washington. Of the 801 workers surveyed, 87% said all workers should participate in a defined benefit plan and 55% of those without […]
In the News • January 15, 2009
Bureau of National Affairs, January 15, 2009 Mike Wyand reports on Rep Earl Pomeroy’s remarks on what needs to be done to address defined benefit pension plan funding. He added that he is looking for opportunities to do so in the economic stimulus package currently under consideration in Congress. “If not the stimulus package, then […]
Press Release • January 14, 2009
January 14, 2009, Washington, D.C. – A national public opinion survey reveals widespread retirement insecurity among Americans. Current economic conditions have more than eight out of ten Americans worried about their ability to retire. Some 71% indicate they feel it is harder today to retire as compared to previous generations. The findings also indicate that […]
In the News • January 14, 2009
Plan Advisor, January 14, 2009 A survey released Wednesday finds Americans with deep-seated fears about how the nation’s current economic turmoil will impact their retirement. A news release from the National Institute on Retirement Security (NIRS), which commissioned the poll, said 83% of respondents were worried they would have to change their retirement plans in light […]
In the News • January 14, 2009
Financial Planning, January 14, 2009 It’s no surprise that the current economic environment is taking its toll on Americans hoping to retire in the next few years, but new data from the National Institute on Retirement Security (NIRS) is revealing staggering new realities. Commissioned by NIRS, Washington, D.C.-based market research company Matthew Greenwald and Associates conducted […]
In the News • January 14, 2009
Boomer Market Advisor, January 14, 2009 It’s now obvious retirement insecurity is a full-blown epidemic across the nation. The National Institute on Retirement Security released a new public opinion today revealing more than eight out of 10 Americans worry about their ability to retire. What can be done? Fifty-five percent of Americans believes a pension […]
In the News • January 1, 2009
PlanSponsor, January 2009 NIRS executive director says that ensuring employees have a secure retirement is a different goal from creating wealth. If the goal is to provide a secure retirement, she says, DB plans give taxpayers a bigger bang for the buck. Furthermore, DB benefits also insulate employees from the risk of outliving their assets and […]