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In July, we wrote about ProPublica’s series exposing that the ultra-rich are using Roth IRAs as a tax-free piggy bank. In the original reporting and blog post below, you’ll see that wealthy businessman Peter Thiel has a Roth IRA with…
The dream of a secure retirement is out of reach for most Americans. Fifty-seven percent of workers do not have anything saved for retirement. Voters across party lines overwhelmingly agree that the nation faces a retirement security crisis. However, the…
Retirement experts estimate that a worker will typically need to save at least $1 million to maintain their standard of living in retirement. However, many are far from meeting that goal. According to the Federal Reserve, 25% of U.S. adults…
The coronavirus-induced economic crisis has devastated many parts of our economy this year, including state and local governments’ budgets that provide essential services like public safety, education, and nursing. In today’s blog, we will take a deeper look at how…
Welcome to this month’s first edition of This Week in Pensions! This is the news you need to know in the fight for a secure retirement. Before you dive into our top stories from this week, check out some stories…
Last month, Truth in Accounting (an organization with ties to groups that attack public workers’ retirement security) published a misleading report titled “Financial State of the States” which grades states based on their supposed fiscal health. The report deceptively cites…
Welcome to October’s first edition of This Week in Pensions! This is the news you need to know in the fight for a secure retirement. Before you dive into our top stories from this week, check out some stories of…
Since the COVID-19 pandemic began, pension opponents have continued spreading misinformation about public pensions. Today we’re going to challenge three misconceptions they frequently cite to try to damage public workers’ retirement security. 1. Unfunded liabilities for pensions are…
Welcome to the latest edition This Week in Pensions! 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 fight for a secure retirement. Here…
Last week we wrote about the new Pensionomics report from the National Institute on Retirement Security (NIRS). The report examines how public pensions benefit the national economy by supporting local jobs and stimulating economic activity. The Pensionomics report also contains…
During the month of October, we at the National Public Pension Coalition are celebrating retirement security. Next week is National Retirement Security Week. We’ll have more to say about that in a series of blog posts next week. This week,…
Public pensions depend on full funding in order to succeed. More than anything else, public pension plans need to receive their full contributions each and every year. Public employees contribute to their pensions with every paycheck and they never miss…