In the News • February 26, 2009
Pensions & Investments, February 26, 2009 Benefits received from state and local defined benefit plans during 2006 generated $358 billion in economic output nationwide and $57 billion in tax revenue and supported 2.5 million jobs that paid workers a total of $92 billion, according to a National Institute on Retirement Security study. “In the current […]
In the News • February 26, 2009
Washington Business Journal, February 26, 2009 In fiscal years 2005-06, state and local pension plans boosted the economy by more than $358 billion, according to a study released Thursday by the National Institute of Retirement Security. Those benefits included supporting more than 2.5 million American jobs that paid $92 billion, providing $57 billion in tax […]
In the News • February 26, 2009
Business Week, February 26, 2009 The National Institute on Retirement Security has published a report on public pension plans and outlining the big economic benefit they bring. The study focuses on retiree spending, and how that helps the economy. It argues that these defined benefit plans become an “automatic stabilizer” for the economy by supporting […]
In the News • February 26, 2009
Global Pensions, February 26, 2009 — State and local government pension plans have a total economic impact of more than $358 billion and supported more than 2.5 million American jobs, a new report by the National Institute on Retirement Security reveals. Jonathan Stapleton reports that “Pensionomics: Measuring the Economic Impact of State and Local Pension Plans,” finds […]
In the News • January 31, 2009
The Advocate, January 31, 2009 NIRS executive director says that defined contribution plans, such as 401(k) — where employees have a certain amount for their retirement years, not a defined benefit that lasts their lifetime — are meant to supplement pensions. “They don’t work well when they’re the only egg in your basket,” she said. Read […]
In the News • January 15, 2009
Global Pensions, January 15, 2009 Current economic conditions have 83% Americans worried about their ability to retire, a survey by the National Institute on Retirement Security (NIRS) has revealed. The findings also indicate that Americans believe pensions can help reduce insecurity, with 55% expressing that a pension would increase their own retirement confidence and 84% […]
In the News • January 15, 2009
Pensions & Investments, January 15, 2009 Almost nine in 10 Americans believe workers should participate in a defined benefit plan, according to a phone survey on behalf of the National Institute on Retirement Security, Washington. Of the 801 workers surveyed, 87% said all workers should participate in a defined benefit plan and 55% of those without […]
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 […]