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Category: Press Release

  • Press ReleaseDecember 1, 2012

    Pension Plan Modifications Provide Sustainability

    WASHINGTON, D.C., December 5, 2012 – Faced with financial pressures, 45 states have enacted defined benefit (DB) pension plan reforms since 2008 to achieve affordability, sustainability, and human resource goals rather than switching to 401(k) type defined contribution (DC) accounts. PENSION PLAN MODIFICATIONS PROVIDE SUSTAINABILITY Shifting From Pensions Not Optimal, Can Trigger Unintended Consequences Webinar […]

  • Press ReleaseNovember 14, 2012

    New Research Examines Human Resource Impacts of Pensions

    November 14, 2012, A new research brief examines the workforce impacts of existing defined benefit (DB) pension plans to assess the likely effects of a switch to defined contribution (DC) individual accounts or cash balance plans.   New Research Examines Human Resource Impacts of Pensions During Economic Downturn, Nearly All State & Local Employers Modified Pensions […]

  • Press ReleaseJuly 26, 2012

    Poverty Rate Nearly Doubles for Americans Lacking Pensions

    July 26, 2012, Rates of poverty among older households lacking pension income were approximately nine times greater than the rates among older households with DB pension income in 2010, up from six times greater in 2006 a new study calculates. Pension Income in 2010 Resulted in Public Assistance Savings of $7.9 Billion, 4.7 Million Fewer […]

  • Press ReleaseOctober 31, 2011

    New Research: Pensions Help Retain 22,000 Teachers, Save $273 Million Nationally

    The Three Rs of Teacher Pension Plans: Recruitment, Retention, and Retirement finds that pensions play a critical role in school effectiveness and save money by reducing teacher turnover costs. PENSIONS IMPROVE QUALITY OF U.S. PUBLIC EDUCATION SYSTEM, REDUCE TURNOVER COSTS Pensions Help Retain 22,000 Teachers, Save $273 Million Nationally Webinar to review the finding scheduled for […]

  • Press ReleaseJune 29, 2011

    Study Indentifies Key Features of Public Pensions that Weathered Market Turmoil

    June 29, 2011, Washington D.C. — A new NIRS research report examines selected statewide public pension plans to identify common elements of plans that remained well funded despite two severe economic downturns. Download report here. Download PowerPoint here. The study identifies six features that enabled those plans examined to remain sustainable and affordable: Employer pension contributions that pay the […]

  • Press ReleaseMarch 8, 2011

    Nine in Ten Americans Say U.S. Retirement System Under Severe Stress

    March 8, 2011, Washington, D.C. —  A new public opinion research report finds that an overwhelming majority of Americans believe the nation’s retirement infrastructure is crumbling and that stock market volatility makes it impossible to predict retirement savings. Download Research here.  Download Press Release in PDF here.  View CNBC coverage of the report here. The research also finds that Americans […]

  • Press ReleaseMarch 1, 2011

    Private Sector Pensions Regulated to Death

    Leading Culprit is Funding Volatility, Not Pension Costs; Opportunities Exist to Reverse Pension Coverage Decline March 1, 2011 – Private sector companies have trended away from offering pensions because of an onerous regulatory environment. Download Research Brief here. Since the 1970s, laws and regulations have created funding volatility for companies sponsoring pensions, rather than facilitating predictable […]

  • Press ReleaseApril 28, 2010

    New Report on Public, Private Sector Compensation

    April 28, 2010, Washington, D.C. – A new study finds public sector employees earn less than comparable private sector employees.  Press/interested parties webinar & conference call at 11 AM ET on Wednesday, April 28, 2010 at 11 AM ET. An analysis spanning two decades shows the pay gap between public and private sector employees has widened in […]

  • Press ReleaseJuly 30, 2009

    Poverty Risk Six Times Greater for Older Americans Lacking Pensions

    July 30, 2009, Washington, D.C – ‘Pension Factor’ drives $7.3 billion in public assistance savings, 4.7 million fewer households in poverty, near-poverty.  Pensions important for minorities, women.  Press call at 11 AM ET, (888) 428-4474. Defined benefit pension income plays a critical role in reducing the risk of poverty and hardship among older Americans.  According […]