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[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…
Last week, NPPC’s executive director Bailey Childers wrote on CNBC about the December 2015 jobs report. She talked about how the release of Star Wars: the Force Awakens accounted for thousands of new jobs, but those jobs aren’t likely to…
[rwd imageid=’781′ small=’0′ medium=’600′ large=’1000′ src=’http://protectpensions.org/files/2016/01/Colorado-Pensions-NPPC.png’] The Colorado state legislature begins its 2016 legislative session today, with pensions and retirement security both on the agenda for this year’s session. During the break between the 2015 and 2016 legislative sessions, three…
Today’s post comes to us from Grant Wood, the coordinator of the Arizona Retirement Security Coalition. It was originally published in the Arizona Capitol Times: At 23 years old, only 18 months out of college, and with a hefty pile…
NPPC’s Executive Director Bailey Childers takes a look back at the year in pensions on the Huffington Post. We wanted to be sure you saw it too: For years firefighters, nurses, teachers, social workers, roads crews and others across the…
If you’ve been reading this blog for a while, then you know that defined benefit pensions are superior to defined contribution 401(k)’s. Defined benefit plans pool risk collectively, optimize investment decisions, and are professionally managed with low fees. Pensions also…
We all know America is facing a retirement crisis. We’ve talked about it on this blog and Americans express their worries in opinion polls. Experts tell us that Americans are not saving enough for retirement. Now it’s time to take…
[rwd imageid=’785′ small=’0′ medium=’600′ large=’1000′ src=’http://protectpensions.org/files/2015/12/Guam-Pensions-NPPC.png’] When you think about public pensions, do you think about Guam? If the answer is no… well, I’m assuming everyone’s answer was no, so you’re not alone. The U.S. Territory of Guam does have…
Late last year, the National Institute on Retirement Security re-released a report on the economic efficiency of defined benefit pensions. This updated report, titled “Still a Better Bang for the Buck”, finds that pensions remain a more efficient and reliable…
Due in large part to low levels of wealth, black households are much less likely than their white counterparts to have substantial retirement savings. And while black wealth has fallen in recent years, access to well-funded defined benefit pension plans…
Most Americans count on Social Security as a significant piece of their retirement plan. For some, it will be a nice supplement to their pension or their personal savings; for others, it will be their entire retirement benefit. The nation…