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How Many Teachers Deserve Adequate Retirement Benefits? Some? Most? All?

Chad Aldeman is an associate partner at Bellwether Education Partners and a former policy advisor at the U.S. Department of Education. This post was originally published on TeacherPensions.org. How many teachers should be eligible for adequate retirement benefits? My answer is all of them: For every year they work, teachers should accumulate benefits ...
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The Pension vs. 401k Debate Harms Teachers

This post originally appeared on TeacherPensions.org. Each year, around 150,000 new teachers are hired to work in American public schools. Those teachers might not pay much attention to their retirement except to note that they’re enrolled in their state’s pension plan. A “pension plan” sounds good, safe, and secure, much ...
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CEOs Rack Up Retirement Benefits: Study

The CEOs of the largest companies in America have accumulated retirement savings – through pension benefits, 401k accounts and more – that equal the savings of 50 million Americans, according to a new study. The study, carried out by the Center for Effective Government and the Institute for Policy Studies, analyzed the retirement packages of 100 ...
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San Diego Pension-to-401(k) Reform Goes to Court

Reporter Ed Mendel covered the California Capitol in Sacramento for nearly three decades, most recently for the San Diego Union-Tribune. More stories are at Calpensions.com. A San Diego pension reform approved by voters nearly four years ago, regarded as a model by some, is headed for a court test — but not because all new hires, except police, receive ...
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Matt Bevin Wins Kentucky Governorship; Here’s His Stance on Public Pensions

Republican Matt Bevin won the Kentucky governorship on Tuesday, and one of the most pressing issues he’ll face is his state’s pension funding crisis. State workers were watching this election closely, because the candidates had significantly different views on retirement policy. What can they expect now that Bevin sits behind the Governor’s desk? Here’s ...
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Four Views on DB vs DC Plans?

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Nick Thornton of Benefitpro reports, DC vs DB: 4 views on new EBRI data (h/t, Pension Tsunami): This week’s new data from the Employee Benefits Research Institute adds a new dimension to the vital question ...
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Would You Sell Your Future Pension For a Lump Sum of Cash? These Businesses Are Banking On It

You’ve heard of payday advances. But pension advances? Believe it or not, businesses are popping up that allow retirees to do just that: “sell” a portion (or all) of their future retirement income in exchange for a lump sum of cash today. The owners of these businesses admit that their service isn’t for everyone. But if you need to pay bills ...
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Gen X Retirements At Risk? Not So Fast, Says EBRI

Even smart people can disagree with each other. Who knew? A great example of that sentiment is playing out right now, as a handful of nationally renowned retirement research groups have found each other at odds with the other’s conclusions about the retirement security of the next few waves of retirees. Retirement savings (or a lack there-of) have ...
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Is the Retirement Savings Crisis Too “Hyped”? These Researchers Think So.

A seemingly routine Capitol Hill hearing got very interesting very fast late last month. The hearing was held by the Ways and Means Social Security Subcommittee and focused on the state of retirement savings in the U.S. Why was it so interesting? Two of the witnesses, Sylvester J. Schieber and Andrew G. Biggs, insisted that the retirement savings “crisis” ...
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Federal Reserve: One In Five People Nearing Retirement Have No Retirement Savings

The Federal Reserve released its Report on the Economic Well-Being of U.S. Households last week, and one statistic stood out starkly from the rest: 19 percent of people between the ages of 55 and 64 have no retirement savings and don’t have a pension lined up. The Federal Reserve surveyed 4,100 people last year and retirement savings were one of the ...
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