In the News • November 25, 2008
BNA Daily Report for Executives, November 25, 2008 An analysis of public plan investment behavior released Nov. 24 showed that public plan fiduciaries reacted prudently to the market downturn in 2000 and can be expected to do the same in response to the current market collapse. The report, In It For the Long Haul, published by […]
In the News • November 24, 2008
Plan Sponsor, November 24, 2008 Rebecca Moore on new NIRS analysis of public pension investment data that indicates that public plans exhibit prudent investment behavior even during volatile market conditions. Report co-author Dr. Jeffrey Wenger remarked, “The results underscore that public pensions are suitable for plan participants when debt and equity markets are tranquil or […]
In the News • November 24, 2008
Pensions & Investment, November 24, 2008 Barry Burr reports that public pension plans are better positioned than other institutions to recover from the worldwide financial market collapse because they rebalance regularly, follow leading peer funds, and keep their long-term strategic asset allocation. This is according to Christian E. Weller, associate professor of public policy at […]
In the News • November 24, 2008
On Nov. 24, 2008, Global Pensions reports on NIRS new report, which finds that that US public pension plans exhibit prudent investment behaviour in bear and bull markets. These institutional investors don’t get caught up in a “herd mentality” — even during turbulent times. A report by NIRS revealed that despite market uncertainty, institutional investors had largely […]
In the News • October 31, 2008
Plan Advisor, October 31, 2008 Rebecca Moore freezing a defined benefit pension plan might not reduce costs. A NIRS research brief says freezing the DB plan in favor of a defined contribution plan could involve increased costs, reduced benefits, or a combination of both. “Look Before You Leap: The Unintended Consequences of Pension Freezes,” specifically […]
In the News • October 31, 2008
Global Pensions, October 31, 2008 Jenny Blinch reports employers looking to save money by freezing defined benefit (DB) plans are actually laying themselves open to increased costs in the long term. NIRS new pension freeze report found expenses would increase through higher costs of operating two plans, erosion of economic efficiencies, and front-loaded contribution requirements. Read […]
In the News • October 31, 2008
BNA Daily Report for Executives, October 31, 2008 “Given the current economic conditions, employers certainly will be looking for ways to reduce costs,” Ilana Boivie, policy analyst with the Institute, told BNA. The research brief’s findings are “contrary to expectations, and probably not the desired result especially during tough times,” she said. The brief cited […]
In the News • October 31, 2008
Pensions & Investments, October 31 2008 John Dantona reports on NIRS new report, “Look Before You Leap: The Unintended Consequences of Pension Freezes. “States have found that abandoning a DB pension for a DC plan can actually increase costs, contrary to expectations,” Beth Almeida, NIRS executive director and co-author of the report. “Mostly, this is because […]
In the News • October 1, 2008
Governing, October 2008 Penny Lemov reports that a new NIRS study dispels a myth about the cost of pension plans. “A Better Bang for the Buck,” calculates that a defined benefit pension plan is nearly half the cost of an individual 401(k) type plan. “The analysis,” says Beth Almeida, executive director of NIRS, “is a myth […]