A Vanishing Benefit: Why Social Security’s Special Minimum Benefit is Fading Away
This research provides an overview of the special minimum benefit, an alternative Social Security formula that was initially passed by Congress in 1972 to set a benefit “floor” and protect workers from experiencing severe poverty in retirement. To be eligible, workers must have a record of 11 years or more of covered employment and must […]
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NIRS Delivers Report on Impacts of Retirement Plan Design on Teacher Retention to Alaska Department of Education
National Institute on Retirement Security Delivers Report on Impacts of Retirement Plan Design on Teacher Retention to Alaska Department of Education WASHINGTON, D.C., April 27, 2023 – The National Institute on Retirement Security (NIRS) has delivered a new report to the Alaska Department of Education on the impacts of various retirement benefit offerings on the […]
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False alarms distract from real retirement challenges
In a Forbes column, Dan Doonan writes that despite economic challenges, public pension plans in the U.S. have remained resilient. In fact, many plans remain at their highest funded levels in years, even with more conservative investment return assumptions. The strength and resiliency of these retirement plans can be attributed, at least in part, to […]
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Winners Announced of 2022 Innovative Pension Funding Award
The National Institute on Retirement Security and the Conference of Consulting Actuaries have announced 3 winners of a new public pension funding competition and award: Innovative Public Pension Funding Strategies.
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