It’s A Good Time To Address America’s Retirement Challenge
NIRS Executive Director writes in a Forbes column that with a strong labor market, plentiful jobs, rising wages and wealth, and an urgent need for people to be more optimistic about our national future, there may never be a better time to act on retirement challenges than today. Shoring up Social Security, expanding access to retirement plans, and bringing back pensions would all be worthwhile investments to make while the opportunity is here.
Pensions Support a Stable, Experienced Public-Sector Workforce
Public pensions help government employers retain experienced career workers, reducing costly turnover and supporting the reliable delivery of essential public services, according to a report, Workforce Turnover and Retention in the Public Sector: Insights from Public Pension Plans. The research finds that while employee departures are concentrated in the first five years of service, retention is strong among workers who remain beyond that point.
80% of Americans Say U.S. Faces Retirement Crisis Amid Affordability Pressures and Debt
National polling research from the National Institute on Retirement Security finds that 80 percent of Americans believe the nation faces a retirement crisis, as rising costs, debt, and other affordability pressures make it harder to save. The survey also finds widespread caution about AI-generated financial advice and cryptocurrency in workplace retirement plans, while 85 percent say Washington should make retirement security a higher national priority.
