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 […]Read more
NIRS Hosts 14th Annual Retirement Policy Conference in Washington, D.C.
MEDIA ADVISORY National Institute on Retirement Security Hosts 14th Annual Retirement Policy Conference in Washington, D.C. U.S. Department of Labor Assistant Secretary Lisa Gomez to Deliver Remarks February 21, 2023, Washington, D.C. – The National Institute on Retirement Security (NIRS) will hold its 14th Annual Retirement Policy Conference on Tuesday, February 28, 2023, in Washington, […]Read more
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 […]Read more
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.Read more