In a Forbes column, NIRS Executive Director Dan Doonan outlines what Alaskans could expect if the state were to move forward with a return to pensions for its public workforce.
Currently. Alaska is an outlier state when it comes to retirement benefits, offering only 401(k)-style defined contribution (DC) benefits to its workers. Alaskans who deliver essential public services lack a defined benefit (DB) pension plan, and teachers do not even participate in Social Security. Not only are these workers at an extreme financial security disadvantage, but the state also faces a highly problematic shortage of public workers – including teachers and public safety employees.
New Research Finds Social Security Has a Strong Economic Impact
New research from the National Institute on Retirement Security finds that Social Security benefits play a powerful role in supporting the U.S. economy.
Is America’s Retirement System Failing Future Retirees?
In a Forbes column, NIRS Executive Director Dan Doonan writes that as America ages and income inequality deepens, concerns about retirement security are mounting. Some voices, however, indicate that retirement concerns are exaggerated, relying on data indicating that older Baby Boomers have largely fared well in retirement. But new research published in The Journal of Retirement […]
