The National Institute on Retirement Security submitted a response to a column published in The Wall Street Journal on February 28, 2024 regarding the Alaska legislature’s proposed plan to create a defined-benefit retirement system for state employees. NIRS Executive Director Dan Doonan writes that the initial column “ignores the success other states have had managing […]
Study Finds Changes to Rhode Island Public Employee Retirement Benefits Are Contributing to Employee Attrition
National Institute on Retirement Security Finds Changes to Rhode Island Public Employee Retirement Benefits Are Contributing to Employee Attrition WASHINGTON, D.C., March 7, 2024 – A new report from the National Institute on Retirement Security (NIRS) finds shifting employees in the Employees’ Retirement System of Rhode Island (ERSRI) from defined benefit pensions in 2012 to […]
Americans Face Alarming Retirement Savings Shortfall, According to National Institute on Retirement Security Testimony Before U.S. Senate Committee
Americans Face Alarming Retirement Savings Shortfall, According to National Institute on Retirement Security Testimony Before U.S. Senate Committee The Move Away From Pensions Is a Major Culprit in the Nation’s Retirement Crisis WASHINGTON, D.C., February 29, 2024 – Most Americans will not have enough money for a financially secure retirement, and they are worried about […]
83 Percent of Americans Believe All Workers Should Have a Pension
83 Percent of Americans Believe All Workers Should Have a Pension, New National Institute on Retirement Security Report Finds Americans Want Action Now on Social Security, While 79 Percent Agree the Nation Faces a Retirement Crisis WASHINGTON, D.C., February 27, 2024 – Americans are increasingly worried about retirement, and they see a return to pensions […]
U.S. Senator Bill Cassidy to Deliver Keynote Remarks at Retirement Policy Conference
MEDIA ADVISORY U.S. Senator Bill Cassidy to Deliver Keynote Remarks at the National Institute on Retirement Security Policy Conference 15th Annual Retirement Conference Scheduled for February 27th in Washington, D.C. February 22, 2024, Washington, D.C. – The National Institute on Retirement Security (NIRS) will hold its 15th Annual Retirement Policy Conference on Tuesday, February 27, […]
In a Forbes column, NIRS Executive Director Dan Doonan writes that one of the most immediate challenges resulting from changing demographics is the strain on government-sponsored pension and healthcare programs.
Updating SSI’s Asset Limits Would Bolster Retirement Security
In a Forbes column, NIRS Executive Director Dan Doonan writes retirement policy has remained an area for bipartisan cooperation. Congress has passed two major pieces of retirement policy legislation in recent years, and red states, blue states, and purple states have established state-facilitated retirement savings programs to help working Americans save for their retirement. It […]
In a Forbes column, NIRS Executive Director Dan Doonan writes that following IBM’s recent announcement that the company will resume offering a pension plan to its employees, there is much speculation that other companies will follow suit.
It’s A Good Time To Address America’s Retirement Challenge
With a strong labor market, plentiful jobs, rising wages and wealth, and an urgent need for people to be more optimistic about our national future, there may never be a better time to act on retirement challenges than today.
New Report Examines Impacts of Switching Away from Defined Benefit Pension Plans
A new report from the National Institute on Retirement Security tracks the experience of five states that shifted new employees away from defined benefit (DB) pensions to defined contribution (DC) or cash balance plans. Among states that switched to a DC plan, costs rose, negative cash flow grew, and employee turnover increased.
