In the Struggle for Public-Sector Workers, Pensions Help
In a new Forbes column, NIRS Executive Director Dan Doonan details how defined benefit pensions play a crucial role in recruiting and retaining public-sector employees, especially for education and public safety positions.
He writes that there’s is a good reason why public-sector employers continue to offer pensions: these plans keep workers in their jobs for careers. Some public-sector jobs, like accountants or attorneys, have direct counterparts in the private sector, so it’s relatively easy to switch between the two sectors. Other public-sector jobs, such as teaching, policing, or firefighting, don’t have direct private-sector counterparts, so it’s harder to find workers who have experience in those areas. Moreover, many public-sector jobs require years of training and experience for workers to reach their peak effectiveness. This training often comes with costs and impacts the quality of public services. Public-sector employers and taxpayers therefore have a strong incentive to keep these workers for a career to get a return on their investment.
New Research Finds Americans Supportive of Pension Benefits for Public Employees
New Research Finds Americans Supportive of Pension Benefits for Public Employees Nationwide Survey by the National Institute on Retirement Security Indicates 86 Percent of Americans Say All Workers, Not Just Public Employees, Should Have a Pension WASHINGTON, D.C., October 29, 2024 – A new research infographic from the National Institute on Retirement Security (NIRS) finds […]
Pensions Are A Vital Workforce Tool For Retaining Public Safety Professionals
In a Forbes column, NIRS Executive Director Dan Doonan writes about role of pensions in recruiting and retaining public safety professionals. He writes that some jobs become increasingly taxing as one ages. Airline pilots and air traffic controllers, for example, are subject to mandatory retirement ages. While not subject to mandatory retirement ages, many police […]
New Research Examines the Role of Pensions in Sustaining a Robust Public Safety Workforce
As state and local governments across the nation continue to struggle filling public safety positions, new research from the National Institute on Retirement Security explores how defined benefit pension plans are a critical workforce management tool for public safety employers.
Rhode Island Is The Latest State To Help Americans Lacking A Retirement Plan At Their Job
In a Forbes column, Dan Doonan writes the Rhode Island made news this month when it became the twentieth state to establish a state-facilitated retirement savings program and the seventeenth to do so with an auto-IRA model. This action by the Rhode Island legislature means every state in New England, except New Hampshire, will now […]
In a new Forbes column, NIRS Executive Director Dan Doonan 
