In the News • October 30, 2023
In a Forbes column, NIRS Executive Director Dan Doonan writes that the battle to bring back pensions for auto workers will have to fight another day. But maybe other companies with frozen pension plans will take a hard look at the evidence about the wisdom of offering pension plans. Certainly, a pension renaissance would benefit […]
In the News • October 12, 2023
In a Forbes column, NIRS Executive Director Dan Doonan writes that there’s no arguing that Swift’s economic footprint is big and will only grow as her international tour continues and she releases re-records of her previous albums. But there’s an economic juggernaut bigger than Swiftonomics that occurs every single day. It’s called Pensionomics, or the […]
Press Release • September 28, 2023
FOR IMMEDIATE RELEASE New National Institute on Retirement Security Analysis Finds Average Amount of Student Loan Debt held by Gen Xers Is $40,000 Persistence of Student Loan Debt May be Hindering Generation X’s Retirement Savings WASHINGTON, D.C., September 28, 2023 – A new analysis from the National Institute on Retirement Security (NIRS) finds 13 percent […]
Press Release • September 12, 2023
FOR IMMEDIATE RELEASE New Report Finds Public Pensions Play a Critical Role in Delivering Retirement Security for Older Americans While Reducing Wealth Inequality by Race and Gender Report Supplemented by 51 Fact Sheets Detailing Pension Equity Impacts in States and Washington, D.C. WASHINGTON, D.C., and BERKELEY, CA, September 13, 2023 – A new report finds […]
In the News • July 18, 2023
In a Forbes column, NIRS Executive Director Dan Doonan writes time is on the side of those who save early, and this is just as true for Congress and Social Security as it is for an office worker putting savings into their 401(k). The options for strengthening Social Security’s finances only become more expensive the […]
Press Release • July 12, 2023
New Report Finds Alarming Retirement Outlook for Generation X National Institute on Retirement Security Analysis Indicates Bottom Half of Generation X Earners Have Almost Nothing Saved for Retirement WASHINGTON, D.C., July 12, 2023 – A new report from the National Institute on Retirement Security (NIRS) finds a dismal retirement outlook for Generation X, the first […]
In the News • June 1, 2023
In a Forbes column, NIRS Executive Director Dan Doonan writes financial stress is particularly high among public service workers, which shouldn’t be surprising given that government wage growth lags behind the private sector. In fact, a new report from MissionSquare Research Institute found that a whopping 88 percent of public service employees expressed concern about their personal finances and financial […]
In the News • May 18, 2023
In a Forbes column, NIRS Executive Director Dan Doonan writes that demonstrated way to keep teachers over their careers is to offer them a defined benefit (DB) pension. While there is a high degree of churn in the early years, as new teachers decide whether education is the right career for them, once teachers stay […]
In the News • April 27, 2023
In a Forbes column, NIRS Executive Director Dan Doonan writes that state leaders have learned the hard way that ending pension benefits comes with little to be gained and a big price to pay. More specifically, states that shifted new employees from defined benefit pensions to defined contribution or cash balance plans experienced increased costs […]