Research February 2018

Retirement Reform Lessons: The Experience of Palm Beach Public Safety Pensions

A new case study examines the impacts of the actions of the Town of Palm Beach when substantial changes were made to the retirement plans offered to the town’s employees. The case study details the 2012 decision by the Palm Beach Town Council to close its existing defined benefit (DB) pension systems for its employees, […]

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Press Release February 8, 2018

New Case Study Examines How Dismantling Pensions Triggered Mass Exodus of Public Safety Workers

Palm Beach Town Council Reinstated Pension Plan After Unsuccessful and Costly Shift to 401(k) Accounts   Webinar on Thursday, February 15th at 1 PM ET to Review Findings  WASHINGTON, D.C., February 8, 2018 – A new case study examines the impacts of the 2012 actions of the Town of Palm Beach to close its existing […]

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In the News

Case Study Warns of Effect of Move From Public DB to Public DC

Since 2009, nearly every state modified its retirement systems to ensure long-term sustainability, most often by increasing employee contributions, reducing benefits or both, according to the National Institute on Retirement Security (NIRS). During these deliberations, some retirement systems faced pressure to move from defined benefit (DB) pension plans to defined contribution (DC) 401(k)-type individual accounts, […]

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Letters

American Families Deserve a Serious Policy Debate on Retirement Security

With the debate on tax reform in full swing in Congress, tax incentives for savings appear to have avoided the chopping block. Yet, while sparing them doesn’t make it harder for American families to save for retirement, it doesn’t make it any easier either.

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