In a Forbes column, NIRS Executive Director Dan Doonan writes about role of pensions in recruiting and retaining public safety professionals.
He writes that some jobs become increasingly taxing as one ages. Airline pilots and air traffic controllers, for example, are subject to mandatory retirement ages. While not subject to mandatory retirement ages, many police officers and firefighters retire from their public safety job at earlier ages due to the dangerous and physically demanding nature of the work. It’s not in the public interest to have firefighters of an advanced age running into a burning building. Fortunately, public safety professionals typically have a defined benefit (DB) pension so they can retire at an appropriate age without worrying about their financial security.
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New Research Finds Americans Supportive of Pension Benefits for Public Employees Nationwide Survey by the National Institute on Retirement Security Indicates 86 Percent of Americans Say All Workers, Not Just Public Employees, Should Have a Pension WASHINGTON, D.C., October 29, 2024 – A new research infographic from the National Institute on Retirement Security (NIRS) finds […]
In a new Forbes column, NIRS Executive Director Dan Doonan details how defined benefit pensions play a crucial role in recruiting and retaining public-sector employees, especially for education and public safety positions.