The State That Eliminated Pensions and Wants Them Back
“The Staying Power of Pensions in the Public Sector” finds that pensions are an effective tool to meet the objectives of employers, employees and taxpayers and should not mimic the private sector trend away from pensions.
The State That Eliminated Pensions and Wants Them Back
The State That Eliminated Pensions and Wants Them Back
Contrary to popular belief that Millennials and Generation Z employees are constantly switching jobs, new research from the National Institute on Retirement Security finds that younger workers today show job retention patterns that closely mirror previous generations at the same stage of their careers.
A report from the National Institute on Retirement Security (NIRS) and Aon examines the changes public pension plan investing has undergone throughout the twenty-first century.
Pensionomics 2025: Measuring the Economic Impact of Defined Benefit Pension Expenditures finds pending powered by U.S. private and public sector defined benefit pensions contributed significantly to the economy. In 2022, retiree spending of public and private sector pension benefits generated $1.5 trillion in total economic output, supporting 7.1 million jobs across the nation.