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  • May 9, 2021

    The Hybrid Handbook | Not All Hybrids Are Created Equal

    Hybrid retirement plans for state and local employees are not new, but these plan designs have received increased attention in recent years as some jurisdictions have sought to modify workforce retirement benefits. A hybrid is not one particular plan design, but instead is an umbrella term capturing a wide range of different plan designs. Some […]

  • March 17, 2021

    Americans’ Views of State & Local Employee Retirement Plans

    A new national survey finds that more than three-fourths of Americans agree that all workers, not just those working for state and local government, should have a pension. And even though the nation is deeply divided on many other issues, support for pensions is consistent across party lines. Eighty percent of Democrats, 75 percent of […]

  • February 10, 2021

    Retirement Insecurity 2021 | Americans’ Views of Retirement

    A new report finds that across party lines, Americans are worried about concerns about their financial security in retirement. The vast majority of Democrats (70 percent), Independents (70 percent) and Republicans (62 percent) agree that the nation faces a retirement crisis. There also is bi-partisan agreement that the average worker cannot save enough on their […]

  • December 3, 2020

    Pensionomics 2021 | Measuring the Economic Impact of DB Pension Expenditures

    Economic gains attributable to defined benefit (DB) pensions in the U.S. are substantial. Retiree spending of pension benefits in 2018 generated $1.3 trillion in total economic output, supporting nearly seven million jobs across the nation. Pension spending also added nearly $192 billion to government coffers at the federal, state and local levels. Pensionomics 2021: Measuring […]

  • December 2, 2020

    Beyond the ARC: Innovative Funding Strategies from the Public Sector

    This report examines several innovative and often lesser-known pension funding strategies that have been utilized in the public sector to address legacy pension costs and to create more stable costs over time. It comes as the recession sparked by the COVID-19 pandemic has threatened many state and local government budgets, and as concerns mount that […]

  • September 4, 2020

    The Growing Burden of Retirement: Rising Costs and More Risk Increase Uncertainty

    The burden of preparing for retirement is increasing as workers face more risk and rising costs. Escalating housing, healthcare, and long-term care costs in retirement are creating retirement obstacles for Americans. Also, the shift from pensions to 401(k) plans has pushed more retirement risk onto workers. These findings will be detailed in a new study, […]

  • August 7, 2019

    Enduring Challenges: Examining the Experiences of States that Closed Pension Plans

    A new series of case studies finds that states that shifted new employees from defined benefit pensions to defined contribution or cash balance plans experienced increased costs for taxpayers, without major improvements in funding. The research also indicates that the move away from pensions cuts employees’ retirement security and that employers may face increasing challenges […]