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Category: In the News

  • In the NewsDecember 18, 2019

    Could New DB Plan Designs Solve for Retirement Savings Inadequacy and Inequality?

    Plan Sponsor reports that recent studies find 401(k)s have increased retirement savings gaps among demographic groups, and those in 401(k)s have not met their savings potential, while DB plans offer more equality. “The National Institute on Retirement Security (NIRS) has published an Issue Brief that contends financial asset inequality is exacerbated by regressive tax incentives […]

  • In the NewsNovember 16, 2019

    Boomer and Millennial Workers Agree Pensions A Plus

    Route 50 covers NIRS’ public opinion survey, State and Local Employee Views on Their Jobs, Pay and Benefits. “The National Institute on Retirement Security released survey results this week that show about 74% of millennial state and local employees said a pension benefit is a major reason why they chose a public sector job, compared […]

  • In the NewsNovember 11, 2019

    Retired Americans at risk financially as wealth gap widens

    Fox Business reports on NIRS research that finds that financial asset inequality among Americans continues to increase, and the inequality is consistent across generations. “Older adults in the U.S. are facing a record-high level of income inequality in the U.S., despite consistent economic growth. And the wealth disparity may be due to the differences in […]

  • In the NewsMay 13, 2019

    NIRS Discusses Retirement Savings Shortfall

    A guest on Nevada Week, NIRS Executive Director Dan Doonan discusses the massive retirement savings shortfall confronting working Americans. Watch the full episode at 

  • In the NewsApril 3, 2019

    NIRS Comments on SECURE Act

    The National Institute on Retirement Security does not take positions on legislation, but told Yahoo Finance the bill’s provisions aimed at expanding access to retirement programs are an important step. “We see those things as promising, but probably not adequate to tackle the scale of the problem,” said Dan Doonan, executive director with the National […]

  • In the NewsMarch 21, 2018

    Watch NIRS on CNBC

    Diane Oakley, NIRS executive director, discuss NIRS latest research report on the struggles facing Millennials in saving for retirement. She says that a big part of the problem is that many Millennials are not eligible to save in their workplace retirement plans. Watch the full interview here:

  • In the NewsMarch 21, 2018

    66% of Millennials have nothing saved for retirement

    CNN Money covers research that finds Millennials face an uphill climb when it comes to saving for retirement. “If they are saving, it’s likely their employer offers a retirement plan, like a 401(k). More than 94% of Millennials who are eligible for a workplace retirement plan are saving. That’s about the same participation rate as […]

  • In the NewsMarch 21, 2018

    Why Millennials Should Be Saving More for Retirement

    MarketWatch covers our new research on the retirement plight of Millennials. “Two-thirds of millennials, born between the 80s and mid-90s, have not saved a dollar for retirement, and it’s worse for minorities. About 83% of Latino millennials, for example, have nothing saved, according to a report from the National Institute on Retirement Security, which analyzed […]

  • In the NewsFebruary 15, 2018

    Case Study Warns of Effect of Move From Public DB to Public DC

    Since 2009, nearly every state modified its retirement systems to ensure long-term sustainability, most often by increasing employee contributions, reducing benefits or both, according to the National Institute on Retirement Security (NIRS). During these deliberations, some retirement systems faced pressure to move from defined benefit (DB) pension plans to defined contribution (DC) 401(k)-type individual accounts, […]