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 […]
NIRS Hosts 14th Annual Retirement Policy Conference in Washington, D.C.
MEDIA ADVISORY National Institute on Retirement Security Hosts 14th Annual Retirement Policy Conference in Washington, D.C. U.S. Department of Labor Assistant Secretary Lisa Gomez to Deliver Remarks February 21, 2023, Washington, D.C. – The National Institute on Retirement Security (NIRS) will hold its 14th Annual Retirement Policy Conference on Tuesday, February 28, 2023, in Washington, […]
Pension Income Bolstered A Struggling COVID-19 Economy
In a Forbes column, NIRS Executive Director Dan Doonan writes that during the unprecedented COVID-19 global health and economic crisis, pension funds remained a stable and reliable source of income for retirees. More specifically, pension plans paid out $612.6 billion in retirement income to nearly 25 million public and private sector retirees in communities across […]
Pension Spending During Pandemic Supported $1.3 Trillion In Output Across U.S.
Pension Spending During Pandemic Supported $1.3 Trillion In Output, 6.8 Million Jobs, $157.7 Billion in Tax Revenue Across the U.S. Economy Real Estate, Food Services, Health Care, and Retail Sectors Realized Biggest Employment Impacts Webinar on January 11 at 2 PM ET to Review Findings WASHINGTON, D.C., January 4, 2023 – Economic gains attributable to […]
National Institute on Retirement Security Applauds SECURE 2.0 Legislation
National Institute on Retirement Security Applauds SECURE 2.0 Legislation Retirement Provisions Are a Step in Right Direction, But More Work Needed to Prioritize Low- and Middle-Income Workers WASHINGTON, D.C., December 22, 2022 – SECURE 2.0 legislation that is expected to pass this week as part of the 2023 omnibus appropriations bill is a clear sign […]
False alarms distract from real retirement challenges
In a Forbes column, Dan Doonan writes that despite economic challenges, public pension plans in the U.S. have remained resilient. In fact, many plans remain at their highest funded levels in years, even with more conservative investment return assumptions. The strength and resiliency of these retirement plans can be attributed, at least in part, to […]
New Research Finds Pension Plans Alone Often Don’t Provide Retirement Income Adequacy for State and Local Government Employees
New Research Finds Pension Plans Alone Often Don’t Provide Retirement Income Adequacy for State and Local Government Employees The National Institute on Retirement Security and Aon to Host Webinar on December 15th to Review Report Findings WASHINGTON, D.C., December 8, 2022 – A first-of-a-kind analysis finds that retirement is growing more challenging for public sector […]
New Research Examines the Impact of the Great Recession on U.S. Public Pension Plans
New Research Examines the Impact of the Great Recession on U.S. Public Pension Plans The Majority of Plans Recovered Assets Within Six Years and Have Adapted in Ways that Strengthen Long-Term Sustainability National Institute on Retirement Security to Host Webinar on October 13th to Review Report Findings WASHINGTON, D.C., October 5, 2022 – A new […]
Public Pension Benefits Support Small Towns Across America
Public pension benefits provide a vital source of retirement security to the retired public employees who earned them during their years of public service. But the impact of public pension benefits goes beyond the retirees, spouses, and other beneficiaries of these plans. These benefit dollars also play a critical role in supporting local economies, especially […]
