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Retired public employees in Wyoming have not received a cost of living adjustment (COLA) in over a decade. COLAs are necessary to adjust for inflation. The price of almost everything, including food, medicine, and rent, tends to increase over time.…
Last week we wrote about the many ways race and ethnicity affect retirement savings. Today, we want to focus more closely on the challenges many Latinos face in saving for retirement. Despite being the fastest-growing demographic group in the United…
It should come as little surprise that the amount a worker earns during their career has a direct impact on the amount they can save for retirement. The higher the earnings, the greater the retirement savings. The same is true…
Today marks the 24th day of the partial shutdown of the federal government. As the shutdown drags on, the effects are becoming more widespread. Some of those most significantly impacted are federal employees who have either been furloughed or forced…
During this holiday season, many people are fortunate to enjoy winter vacations and travel to spend time with family and friends. For many public employees, however, their work does not stop for the holidays. Every year, there are thousands of…
This Thanksgiving, we here at the National Public Pension Coalition are thankful for public employees. We are thankful for their lifetimes of service and all they do to keep our communities running smoothly. Public employees are there for us on…
This week kicks off the holiday season. Many people will be traveling all over the country to spend Thanksgiving with family and friends. With the election not that far in the rearview mirror, politics are likely to come up in…
Long time readers of Defined Benefit know that 401(k)-style defined contribution plans have largely failed working families. Defined contribution plans are a poor substitute for defined benefit pension plans and as the private sector has shifted from pensions to 401(k)s,…
Welcome to the latest edition of This Week in Pensions! As we do most weeks, we have gathered the best stories about pensions and retirement security from the previous week. This is the news you need to know in the…
Recently, the headlines in the financial section of the newspaper have been dominated by stories about the stock market declining. Some have termed this a “correction” believing that the value of the stock market was inflated to begin with. Regardless…
This week is National Retirement Security Week! Proclaimed by an official declaration from Congress in 2016, each year supporters of 401(k)-style defined contribution plans use this week to promote their products. We’ve decided to take back retirement security from the…
This week is National Retirement Security Week! Proclaimed by an official declaration from Congress in 2016, each year supporters of 401(k)-style defined contribution plans use this week to promote their products. We’ve decided to take back retirement security from the…