Blogs & Newsletters
10/31/08

New report makes the case against pension freezes

Look Before You Leap: The Unintended Consequences of Pension Freezes, a new issue brief from the National Institute on Retirement Security (NIRS), makes the case for why pension freezes aren’t always a good idea for state and local governments. Here are some of the brief’s key findings: Freezing a traditional defined benefit pension (DB) and […]

Blogs & Newsletters
10/29/08

More broken promises

Last week General Motors announced plans to temporarily suspend the practice of making matching contributions to their employees’ 401(k) accounts.  This cut, coupled with the impact of the reeling stock market, only adds to the sense of retirement insecurity felt by workers who have seen the nation’s pension and 401(k) account balances plummet by as […]

Blogs & Newsletters
10/07/08

Current economic crisis helps make the case for guaranteed pensions

During the last few weeks, the Wall Street roller coaster has wreaked havoc on the economy and the retirement assets of the millions of American workers with 401(k) plans. For workers who, like me, are relatively young and decades away from retiring, the current economic crisis doesn’t make me terribly anxious about my 401(k). While […]