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  • Press Release • December 3, 2023

    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.

  • In the News • November 28, 2023

    North Carolina Taxpayers Could Be Liable For Billions

    In a new Forbes column, NIRS Executive Director Dan Doonan writes that the financial stability of the Teachers’ and State Employees’ Retirement System (TSERS) and State Health Plan could take a dramatic turn for the worse if the North Carolina legislature doesn’t quickly take action to remedy a provision in the recently enacted $30 billion state budget.

  • In the News • August 22, 2022

    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 […]

  • In the News • July 1, 2022

    The Middle Class Is Missing Out On Retirement Savings

    Saving for retirement is one of the biggest financial challenges most working families will face. People are living longer, which means more years of retirement to pay for. Costs for healthcare and long-term care remain high. Meanwhile, incomes are being squeezed by higher inflation and rising costs for housing, college, and other major life expenses. […]

  • Press Release • January 6, 2022

    401(k)s Substantially More Costly than Pensions

    For Immediate Release 401(k) Retirement Accounts Substantially More Costly than Pension Plans, According to New Analysis from the National Institute on Retirement Security  Economic Efficiencies Unique to Pensions Enable Plans to Deliver Retirement Benefits at Half the Cost of 401(k) Accounts, With Four-Fifths of the Cost Differential Occurring Post-Retirement  WASHINGTON, D.C., January 6, 2022 – […]

  • Press Release • December 6, 2020

    New Report Examines Innovative Public Pension Funding Strategies

    New Report Examines Innovative Public Pension Funding Strategies Webinar on December 9th to Review Findings WASHINGTON, D.C., December 7, 2020 – As state and local governments face budget shortfalls in the wake of the COVID-19 pandemic and recession, a new report examines innovative funding strategies for public pension plans in California, Colorado, Indiana, Kentucky, Louisiana, […]

  • Press Release • September 17, 2018

    New Report Finds Nation’s Retirement Crisis Persists Despite Economic Recovery

    Median Retirement Account Balance is $0 Among All Working Age Individuals; 100 Million Americans Lack Any Retirement Account Assets  Retirement Savings Closely Correlated with Income and Wealth; Individuals with Retirement Accounts Have More Than Three Times Income of Those Without Accounts  Webinar on Thursday, September 20, 2018, at 11 AM ET to Review Findings WASHINGTON, […]