In the News • September 22, 2009
WSJ.com, September 22, 2009 — Public pensions were good shape before the financial crisis hit. In the wake of the market downturn, state and local officials are examining their plans to ensure continued sustainability for the next 50 years. Beth Almeida, NIRS executive director says that public pensions were “in really good shape” before the crisis […]
In the News • September 16, 2009
Columbus Dispatch, September 16, 2009 — A letter to the editor cites NIRS research indicating that defined-benefit-pension income reduces the risk of poverty and hardship among older Americans. The Pension Factor notes that pension income resulted in a savings of $7.3 billion in public-assistance expenditures and 4.7 million fewer households in poverty or near poverty in 2006 in […]
In the News • September 1, 2009
Dow Jones Newswires, September 1, 2009 — Pensions in states including Ohio, Nevada, Kentucky and New Mexico are considering or have already instituted new rules for public employees’ retirement plans, and more are expected. For police, firefighter and teachers, it’s in residents’ best interests to reduce employee turnover through traditional pensions, say Aon actuary William Fornia. […]