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Closing Pensions for Public Workers Has Proven A Mistake
Headline: Closing Pensions for Public Workers Has Proven a Mistake
Publication: Forbes
Article Date: April 27. 2023
States that shifted new employees from defined benefit pensions to defined contribution or cash balance plans experienced increased costs for taxpayers without significant funding improvements. Read More…
U.S. bank failures have minimal impact on public pension plans
Headline: U.S. bank failures have minimal impact on public pension plans
Publication: Benefits Canada
Article Date: March 22, 2023
David Draine, who studies public sector retirement systems at Pew, says the funding gaps are probably now about where they were before the market shockwaves during the coronavirus pandemic. Read More…
A Decade of Reforms Has Strengthened State Pension Plans
Headline: A Decade of Reforms Has Strengthened State Pension Plans
Publication: Pew
Article Date: March 14, 2023
Thanks to more than a decade of fiscal discipline, many state public retirement systems are on the cusp of long-term solvency and sustainability. Read More…
Do Americans Need A Retirement Reboot?
Headline: Do Americans Need A Retirement Reboot?
Publication: Forbes
Article Date: February 23, 2023
National Institute on Retirement Security’s Mark Miller shares insight on the scope of the retirement savings shortfall, how we got here, and steps individuals and policymakers can take to improve retirement outcomes. Read More…
Public Pension Funding Ratios Increased in 2022, NCPERS Study Finds
Headline: Public Pension Funding Ratios Increased in 2022, NCPERS Study Finds
Publication: Business Wire
Article Date: February 07, 2023
Public pension funds’ average funding ratio increased to 77.8% in 2022, with the majority of pensions’ revenue (68%) coming from investment returns, according to an annual study by the National Conference on Public Employee Retirement Systems (NCPERS). Read More…