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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…
Industry wild about government match for low earners
Headline: Industry wild about government match for low earners
Publication: Pensions & Investments
Article Date: January 16, 2023
As part of the Secure 2.0 Act low- and middle-income workers who contribute to a workplace retirement savings plan or individual retirement account will be eligible for a 50% match on up to $2,000 courtesy of the federal government. Read More…