In the News • July 1, 2021
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 […]
In the News • May 7, 2021
In a Forbes column, NIRS Executive Director Dan Doonan says there is one thing we all can do on Mother’s Day – commit to finding solutions that deliver better retirement security for women. Many Americans are struggling to save for retirement, but women face even higher hurdles. The causes include the gender pay gap, longer […]
In the News • April 1, 2021
Florida lawmakers are considering legislation that would eliminate retirement plan choice for state employees. The proposed measure would do away with defined benefit pensions for newly-hired employees, offering only a 401(k)-style defined contribution plan. Other states and localities that have implemented dramatic shifts to their public employee retirement plans have experienced unfortunate, unintended consequences – […]
In the News • January 25, 2021
In a new MarketWatch column, Dan Doonan says President Joe Biden faces many challenges, from the coronavirus pandemic to high unemployment to widespread social unrest. He’s also facing resistance from Congress and a politically polarized nation. But where Biden’s efforts enjoy bipartisan support is solving the retirement savings crisis. Despite deep divides, Americans are united […]
In the News • January 15, 2021
In an interview with Yahoo Finance, Dan Doonan shares information about the substantial economic gains attributable to private and public sector pensions in the U.S. Retiree spending of pension benefits in 2018 generated $1.3 trillion in total economic output, supporting nearly seven million jobs across the nation. Pension spending also added nearly $192 billion to […]
In the News • November 5, 2020
In a new Marketwatch column, NIRS executive director Dan Doonan writes that retirement has become a Rubik’s Cube for most Americans. “So many factors impact how much one is able to save during their working years, and there are even more considerations as one tries to spend down their nest egg so they don’t run […]
In the News • June 17, 2020
A commentary piece published by MarketWatch, Tyler Bond, NIRS research manager, examines the grim retirement outlook for Millennials. Let’s face it, millennials’ economic outlook has been fragile at best. We graduated from high school and college into a weak job market. The most educated generation in history entered the workforce with unprecedented student debt thanks […]
In the News • March 13, 2020
Next Avenue reports: The report emphasizes how important public pension dollars are to rural areas. In fact, the researchers said, public pensions are one of the few available incentives to attract and keep public workers in rural communities. In much of rural America, the largest employers are public entities, such as a school district. The […]
In the News • March 13, 2020
BenefitsPro reports: “Don’t mess with public pensions. Unless, that is, you want small towns and rural communities to suffer. That could be one way to interpret some of the findings of a report from the National Institute on Retirement Security. The report reveals that not only do such communities experience an outsized benefit from those pensions, […]