19 Steps Forward In The Retirement Security Struggle
In a new Forbes column, NIRS Executive Director Dan Doonan writes about a new Government Accountability Office (GAO) report, Older Workers: Retirement Account Disparities Have Increased by Income and Persisted by Race Over Time. The analysis finds that many Americans are losing ground when it comes to building retirement savings, despite policy efforts to improve workers’ savings. […]
Social Security’s Finances: Reality Versus Common Misconceptions
In a Forbes column, NIRS Executive Director Dan Doonan writes time is on the side of those who save early, and this is just as true for Congress and Social Security as it is for an office worker putting savings into their 401(k). The options for strengthening Social Security’s finances only become more expensive the […]
New Report Finds Alarming Retirement Outlook for Generation X
New Report Finds Alarming Retirement Outlook for Generation X National Institute on Retirement Security Analysis Indicates Bottom Half of Generation X Earners Have Almost Nothing Saved for Retirement WASHINGTON, D.C., July 12, 2023 – A new report from the National Institute on Retirement Security (NIRS) finds a dismal retirement outlook for Generation X, the first […]
Should We Worry About Public Worker Financial Anxiety?
In a Forbes column, NIRS Executive Director Dan Doonan writes financial stress is particularly high among public service workers, which shouldn’t be surprising given that government wage growth lags behind the private sector. In fact, a new report from MissionSquare Research Institute found that a whopping 88 percent of public service employees expressed concern about their personal finances and financial […]
Retirement Benefit Changes Could Help Fix Alaska’s Teacher Retention Problem
In a Forbes column, NIRS Executive Director Dan Doonan writes that demonstrated way to keep teachers over their careers is to offer them a defined benefit (DB) pension. While there is a high degree of churn in the early years, as new teachers decide whether education is the right career for them, once teachers stay […]
Closing Pensions For Public Workers Has Proven A Mistake
In a Forbes column, NIRS Executive Director Dan Doonan writes that state leaders have learned the hard way that ending pension benefits comes with little to be gained and a big price to pay. More specifically, states that shifted new employees from defined benefit pensions to defined contribution or cash balance plans experienced increased costs […]
NIRS Delivers Report on Impacts of Retirement Plan Design on Teacher Retention to Alaska Department of Education
National Institute on Retirement Security Delivers Report on Impacts of Retirement Plan Design on Teacher Retention to Alaska Department of Education WASHINGTON, D.C., April 27, 2023 – The National Institute on Retirement Security (NIRS) has delivered a new report to the Alaska Department of Education on the impacts of various retirement benefit offerings on the […]
JP Morgan Analysis Says Corporate Defined Benefit Pension Plans Deserve A Fresh Look
In a Forbes column, NIRS Executive Director Dan Doonan writes Corporate retirement plan sponsors reevaluating their benefit packages have a variety of retirement products available to them, including defined benefit pension plans. In fact, some companies may already have an existing “frozen” or closed pension plan on their balance sheet. In fact, a JP Morgan […]
There’s A New Retirement Normal For Public Employees: Supplemental Savings
In a Forbes column, NIRS Executive Director Dan Doonan writes that one segment of the workforce has been on stable ground when it comes to retirement: the state and local government workforce. Today, the vast majority of state and local workers have a defined benefit (DB) pension, and nearly three-fourths of public employees participate in […]
In a Forbes column, NIRS Executive Director Dan Doonan interview veteran financial journalist Mark Miller about his new book, Retirement Reboot: Commonsense Financial Strategies for Getting Back on Track . The book serves as a guide for the millions of Americans who just aren’t financially prepared for retirement. He offers insight on how to make […]
