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Category: In the News

  • In the NewsAugust 22, 2022

    Public Pension Benefits Support Small Towns Across America

    Public pension benefits provide a vital source of retirement security to the retired public employees who earned them during their years of public service. But the impact of public pension benefits goes beyond the retirees, spouses, and other beneficiaries of these plans. These benefit dollars also play a critical role in supporting local economies, especially […]

  • In the NewsJuly 1, 2022

    The Middle Class Is Missing Out On Retirement Savings

    Saving for retirement is one of the biggest financial challenges most working families will face. People are living longer, which means more years of retirement to pay for. Costs for healthcare and long-term care remain high. Meanwhile, incomes are being squeezed by higher inflation and rising costs for housing, college, and other major life expenses. […]

  • In the NewsMay 6, 2022

    What Mothers Need To Know About Retirement

    We’ve all heard the old adage, “A mother’s work is never done.” From surviving sleepless nights with a newborn, to navigating the tumultuous teen years, to gently guiding adult children through life’s challenges, a mother’s job is forever. Another complexity for mothers is safeguarding their family’s financial security while also saving enough for their own […]

  • In the NewsMay 6, 2022

    We Need More Teachers. Retirement Benefits Help

    Pension benefits are important for providing retirement security to teachers, but their value goes beyond that. Teacher pay often is lower when compared to others with similar educational credentials, and solid benefits can help close that compensation gap. Additionally, pensions act as magnets for keeping career teachers in the classroom. Pension benefits are accumulated over […]

  • In the NewsNovember 1, 2021

    Retirement is Expensive. Pensions Can Help.

    In a new Forbes column, Dan Doonan writes that the United States is not the only nation facing a retirement savings crisis. He says that many advanced, post-industrial democracies are struggling with similar challenges presented by an aging population. And just like in the U.S., these countries may have a variety of different retirement savings […]

  • In the NewsOctober 7, 2021

    Social Security: Just Fix It Already

    In a Forbes column, Dan Doonan writes that there are pragmatic solutions to shore up Social Security’s financing. Two approaches that deserve particular consideration: addressing the “tax max” issue and increasing contributions. Whatever the solution, policymakers must act now. If we get to 2033 without action, retirees across the board will see a 24 percent […]

  • In the NewsSeptember 1, 2021

    Stark, Growing Economic Inequality Fuels Retirement Insecurity

    In a new Forbes column, NIRS Executive Director Dan Doonan writes that most working Americans will continue to struggle to achieve retirement security because the ownership of financial assets is highly concentrated among the wealthiest. He explains that a new analysis, Stark Inequality, examines the role of race in financial asset ownership. Boomer, Gen X, […]

  • In the NewsAugust 5, 2021

    High Retirement Anxiety For Millennials and Generation X

    In a new Forbes column, Dan Doonan, NIRS executive director, says that many Americans are worried about retirement. But, substantial differences emerge across generations. Millennials (72 percent) and Generation X (59 percent) are significantly more more pessimistic about achieving financial security in retirement as compared to Baby Boomers (43 percent) and the Silent Generation (26 […]

  • In the NewsJuly 1, 2021

    Now Is The Time To Re-Think Retirement Plan Conventional Wisdom

    In a Forbes column, Dan Doonan says that retirement plan design can make or break an employee’s ability to maintain their standard of living in retirement. But over the past several decades, many private sector companies implemented a complete overhaul in retirement plan design, shifting from defined benefit pensions to 401(k)-style defined contribution accounts. As […]