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Nebraska Retirees Ask Lawmakers for Social Security Tax Break

Retirees are telling Nebraska lawmakers that the state’s tax burden is too high, and additional tax cuts may be necessary to keep seniors from fleeing the state during retirement. One option retirees are pushing: exempting Social Security benefits from the income tax. A tax package passed last year attempted to shore up some of these issues. From ...
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Actuaries Call on Obama to Address Aging Issues, Retirement Security in State of the Union

The American Academy of Actuaries is urging President Obama and the U.S. Congress to tackle retirement security issues through public policy over the next two years. That includes addressing the solvency of Social Security, improving the governance and disclosure requirements of public pension plans, and ensuring adequate retirement income for seniors ...
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Chart: Public Workers More Confident in Pensions, 401(k)s Than Social Security, Medicare

A recent survey found that, among all streams of retirement income and benefits, public employees were most confident in their pension and 401(k) benefits; both in terms of being there for them when they retire and being sufficient enough to get them through retirement. People were least confident in Social Security and Medicare. Only a small portion ...
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Do Pension Plans Give Retirees a False Sense of Retirement Security?

At one time, pensions were seen as the safest, most secure stream of retirement income. But the security of pension benefits is no longer rock-solid. That raises the question: do pensions give retirees a false sense of retirement security? Economist Allison Schrager explores the idea: Until recently, a pension benefit seemed as good as money in the ...
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Are Pensions More Important To Retirement Security Than Data Shows?

Alan L. Gustman, Thomas L. Steinmeier and Nahid Tabatabai have authored a paper exploring the possibility that the importance of pensions, and the financial support they provide retirees, is understated in retirement income data. The paper, titled “Mismeasurement of Pensions Before and After Retirement”, was published in the Journal of Pension ...
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Principles For Better Pension Design

A long, insightful discussion and analysis of pension design was published in the Fall issue of the Rotman International Journal of Pension Management. During the course of the paper the three authors, Thomas van Galen, Theo Kocken, and Stefan Lundbergh, propose a set of principles to help navigate the dilemmas and trade-offs posed by both public and ...
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The Role of Merit in the Career of a Mutual Fund Manager

Mutual fund managers hold in their hands the retirement income of millions of people. So it should be of great interest to retirees, and those approaching retirement, whether mutual fund managers are qualified for the job. A recent study examined 2,846 managers of actively managed mutual to try and answer the question: what is the role of merit in ...
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Are Affluent Households As Worried About Retirement As Everyone Else?

Are affluent households worrying about having enough money to last through retirement? According to a survey from Bank of America, the short answer is “yes” – in fact, it’s one of their biggest concerns. Bank of America polled 1,000 “affluent” people with investable assets of between $50,000 and $250,000. The results were published in the ...
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Alicia Munnell: Should Insurers Handle Public Pension Payouts?

Last month, Pension360 covered the Urban Institute’s ringing endorsement of a Congressional bill that would let local governments turn over the assets of their pension plans to insurance companies, who would then make payments to retirees. Senator Orrin Hatch proposed the bill, called the SAFE Retirement Plan. On Wednesday, another major pension ...
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The Dutch Pension System’s “Hidden Risk”

The Dutch pension system has been getting lots of press in recent days – a recent New York Times report and a PBS documentary from last year have espoused the virtues of the system, which covers 90 percent of workers while remaining well-funded. But the system carries a “hidden risk” for participants. Allison Schrager explains in BusinessWeek: Compared ...
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