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.
Working Americans Struggling to Prepare for Retirement, New NIRS Report Finds
Preparing for retirement remains a major financial challenge for working Americans, according to a new report from the National Institute on Retirement Security.
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.
