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Date: July, 2012

  • In the NewsJuly 26, 2012

    Pensions Cut Elder Poverty Dramatically

    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 […]

  • In the NewsJuly 26, 2012

    DB Income Reduces Poverty Risk in Older Americans

    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. Read the full story here.

  • In the NewsJuly 26, 2012

    Poverty Rates Rising for Older Americans Without DB Plans

    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. Read the full story here.

  • In the NewsJuly 26, 2012

    California Elders Benefit from Pensions

    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 […]

  • In the NewsJuly 26, 2012

    No Pensions Mean More Hardships

    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 […]

  • Press ReleaseJuly 26, 2012

    Poverty Rate Nearly Doubles for Americans Lacking Pensions

    July 26, 2012, Rates of poverty among older households lacking pension income were approximately nine times greater than the rates among older households with DB pension income in 2010, up from six times greater in 2006 a new study calculates. Pension Income in 2010 Resulted in Public Assistance Savings of $7.9 Billion, 4.7 Million Fewer […]