In the News • August 14, 2024
Social Security celebrates its 89th birthday today, and there is much to celebrate. Social Security touches the lives of virtually every American. Almost 97 percent of the older population in the United States will receive Social Security benefits, averaging more than $1,800 monthly for retired workers. Social Security has evolved into one of the most […]
In the News • June 27, 2024
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 […]
In the News • June 24, 2024
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 the News • May 28, 2024
In a Forbes column, NIRS Executive Director Dan Doonan writes that defined benefit pensions are a reliable source of retirement income and remain extremely popular among workers today. Despite claims of their demise, DB pension plans are alive and well, paying benefits to 25 million people, holding $11.8 trillion in plan assets, and more than […]
In the News • May 14, 2024
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 […]
In the News • May 2, 2024
In a Forbes column, NIRS Executive Director Dan Doonan reports on his visit to Alaska to discuss with stakeholders the retirement and workforce challenges facing the state. He writes that he is heartened to see that Alaskans are having an open, honest, and data-driven debate about the solution they want to solve their workforce crisis. […]
In the News • May 1, 2024
NIRS Executive Director Dan Doonan reports on his visit to Alaska where he is meeting with key stakeholders to share the findings from a recent report requested by the Alaska Department of Education on teacher recruitment and retention.
In the News • April 11, 2024
This week is America Saves Week, a time to focus on actions Americans can take to successfully save. When it comes to saving for retirement, Americans are feeling pessimistic. In a recent nationwide survey of working age Americans, 79 percent agree that the nation faces a retirement savings crisis, up from 67 percent in 2020. […]
In the News • February 1, 2024
In a Forbes column, NIRS Executive Director Dan Doonan writes that one of the most immediate challenges resulting from changing demographics is the strain on government-sponsored pension and healthcare programs.