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Teachers in Indiana scored a victory last week when a controversial bill that would have made harmful changes to their state pension was defeated. House Bill 1004 died in the state senate due to a lack of support. While HB…
We’re starting a new series here at Defined Benefit. “This Week in Pensions” will gather the best stories about pensions from the previous week. This will be your go-to source for the news you need to know about retirement security.…
Earlier this month New Jersey Governor Chris Christie ended his campaign for the Republican presidential nomination. For the people of New Jersey, this will hopefully mean serious financial issues the state is facing can now be addressed. Christie virtually ignored…
We’ve mentioned cash balance pension plans a few times on this blog. Pew’s Public Sector Retirement Systems project and the Arnold Foundation have been actively pushing cash balance plans in Kansas, Kentucky, Alabama, and Virginia. They tout cash balance plans…
A recent study from researchers at the University of California, Berkeley, confirmed what we here at NPPC already know: traditional defined benefit pensions provide more retirement income for teachers than 401(k)-style plans. This comes as a surprise to no one.…
Sunday is Valentine’s Day. People all across the country will be giving chocolates and roses to the ones they love. Here at NPPC we love public pensions- and we know you do too! Pensions have everything you are looking for:…
It might not be on your calendar, but today is the first meeting of the Texas Pension Review Board this year. The PRB consists of seven members appointed by the governor to oversee public pension plans in the state. Recently,…
Last night the Denver Broncos won Super Bowl 50. For Denver’s starting quarterback Peyton Manning, this was almost certainly his last game before retirement. Once Manning enters retirement, there is one thing he can count on: his defined benefit pension.…
Last week I wrote about the book release of Retirement on the Rocks by Professor Christian Weller. In addition to being an economics professor at UMass-Boston, Weller is also a senior fellow at the Center for American Progress. In October…
[rwd imageid=’772′ small=’0′ medium=’600′ large=’1000′ src=’http://protectpensions.org/files/2016/01/Virginia-NPPC-Pensions.png’] Virginia’s public employees have endured a couple rounds of cuts to their defined benefit pensions in the past several years. Most recently, in 2012, the Virginia General Assembly passed a law that forced new…