In the News • January 15, 2009
Bureau of National Affairs, January 15, 2009 Mike Wyand reports on Rep Earl Pomeroy’s remarks on what needs to be done to address defined benefit pension plan funding. He added that he is looking for opportunities to do so in the economic stimulus package currently under consideration in Congress. “If not the stimulus package, then […]
In the News • January 14, 2009
Plan Advisor, January 14, 2009 A survey released Wednesday finds Americans with deep-seated fears about how the nation’s current economic turmoil will impact their retirement. A news release from the National Institute on Retirement Security (NIRS), which commissioned the poll, said 83% of respondents were worried they would have to change their retirement plans in light […]
In the News • January 14, 2009
Financial Planning, January 14, 2009 It’s no surprise that the current economic environment is taking its toll on Americans hoping to retire in the next few years, but new data from the National Institute on Retirement Security (NIRS) is revealing staggering new realities. Commissioned by NIRS, Washington, D.C.-based market research company Matthew Greenwald and Associates conducted […]
In the News • January 14, 2009
Boomer Market Advisor, January 14, 2009 It’s now obvious retirement insecurity is a full-blown epidemic across the nation. The National Institute on Retirement Security released a new public opinion today revealing more than eight out of 10 Americans worry about their ability to retire. What can be done? Fifty-five percent of Americans believes a pension […]
In the News • January 1, 2009
PlanSponsor, January 2009 NIRS executive director says that ensuring employees have a secure retirement is a different goal from creating wealth. If the goal is to provide a secure retirement, she says, DB plans give taxpayers a bigger bang for the buck. Furthermore, DB benefits also insulate employees from the risk of outliving their assets and […]
In the News • December 23, 2008
US News and World Report, December 23, 2008 Your New Year’s resolutions are going to require more sacrifice than usual this year. Layoffs, benefit cuts, and disappearing 401(k) balances have lashed workers in 2008. Yet everyone still has to provide for retirement. US Newsoffers 10 ways you can resolve to get your retirement plan back on […]
In the News • December 23, 2008
US News and World Report, December 23, 2008 — Simply finding a job in 2009 will be challenging for many. “But if you can, seek an employer offering a traditional pension,” advises Beth Almeida, executive director of the National Institute on Retirement Security. Almeida adds, “Pensions offer what Americans are looking for: the security and peace of […]
In the News • December 3, 2008
Rocky Mountain News, December 3, 2008 In a letter to the editor regarding Colorado’s public pension, Marie Valenzuela writes that data in a recent NIRS research report indicates that defined contribution plans are significantly more expensive to fund than defined benefit plans. She continues, “I hope that a good deal of thought and unbiased research goes into the […]
In the News • December 3, 2008
The Kiplinger Letter, December 3, 2008 Renuka Rayasam reports on the transition to the new pension funding requirements passed in 2006 — which couldn’t come at a worse time. “We are in a transition period to a new funding regime, and then the financial crisis throws over the apple cart,” says Beth Almeida, executive director […]