• November 18, 2022
Retirement is growing more challenging for public sector workers, according to a new report by the National Institute on Retirement Security (NIRS) and Aon, The Real Deal for the Public Sector: Retirement Income Adequacy Among U.S. Public Sector Employees. This research finds that state and local employees in a typical public defined benefit (DB) pension […]
• September 28, 2022
This report finds that state and local government retirement systems on the whole successfully navigated the 2007 to 2009 Global Financial Crisis. Moreover, public retirement systems across the nation have adapted in the years since the recession by taking actions to ensure continued long-term resiliency. Examining the Experiences of Public Pension Plans Since the Great […]
• July 12, 2022
Fortifying Main Street: The Economic Benefit of Public Pension Dollars in Small Towns and Rural America illustrates the impact of benefit dollars from public pension plans according to several different measures: as a percentage of GDP by county; as a percentage of total personal income by county; and by categorizing counties as metropolitan, small town […]
• May 18, 2022
This report documents how current tax incentives fail to promote adequate retirement security for the middle class. It considers the impact of factors including marginal tax rates, retirement plan participation, and income distribution on retirement saving levels. The Missing Middle: How Tax Incentives For Retirement Savings Leave Middle Class Families Behind also offers potential solutions […]
• February 28, 2022
A new national survey finds deep public concern about the K-12 public school workforce. Americans’ Views of Public School Teachers and Personnel in the Wake of COVID-19 finds that eighty-three percent of Americans express concerns about public school staff shortages, while 81 percent are worried about workforce burnout. Conducted by Greenwald Research, this new national […]
• January 6, 2022
This analysis finds that defined benefit (DB) pension plans offer substantial cost advantages over 401(k)-style defined contribution (DC) accounts. A typical pension has a 49 percent cost advantage as compared to a typical DC account, with the cost advantages stemming from longevity risk pooling, higher investment returns, and optimally balanced investment portfolios. A Better Bang […]
• November 18, 2021
A national survey finds strong support for new state-facilitated retirement programs aimed at helping workers without employer-provided plans save for retirement. Americans’ Views of State-Facilitated Retirement Programs finds: The vast majority of Americans (72 percent) agree that state-facilitated retirement programs are a good idea. There is high support across party and generational lines, with support […]
• July 19, 2021
A national survey finds that Millennials and Generation X are more worried about retirement as compared to older generations. Sixty-four percent of Millennials and 54 percent of Generation X are more concerned about their retirement security in the wake of the COVID-19 pandemic. The level of concern is at 42 percent for Baby Boomers and […]
• May 9, 2021
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 […]