News Scan

NIRS Updates Study Finding Public Employees Strongly Support DB Plans

On August 23, 2017, the National Institute on Retirement Security (NIRS) released its research report, Decisions, Decisions: Retirement Plan Choices for Public Employees and Employers.  The new research updates a 2011 study finding that public employees, when given a choice, strongly prefer defined benefit (DB) pensions over defined contribution (DC) plans.  According to the report,…

NCPERS Reports Public Pensions are Beneficial for Taxpayers

On August 14, 2017, National Conference on Public Employee Retirement Systems (NCPERS) released its report, Public Pensions Are a Good Deal for Taxpayers.  The latest report in the NCPERS Research Series addresses critics’ arguments about the funding of public pension plans and explains how those plans help to benefit U.S. taxpayers.  According to the report,…

CRR Expects State and Local Pension Plan Funding to Improve in 2017

On August 1, 2017, the Center for Retirement Research (CRR) at Boston College released its issue brief, State and Local Pension Plan Funding Sputters in FY 2016. Written by Jean-Pierre Aubry, Caroline V. Crawford, and Alicia H. Munnell, the brief reports that the aggregate funded status of state and local pension plans declined slightly in…

NASRA Updates Summary of Changes in State and Selected Local Public Pension Plans

In August 2017, the National Association of State Retirement Administrators (NASRA) released its updated summary of significant changes in public pension plans since 2016, Selected Approved Changes to State and Selected Local Pensions.  The summary extends the 2016 listing of statewide pension reforms presented in Significant Reforms to State Retirement Systems. The resource listing was…

NCPERS Releases White Paper on Secure Choice Pension Model

On July 25, 2017, the National Conference on Public Employee Retirement Systems (NCPERS) released its White Paper, Secure Choice 2.0: States Blazing a Path to Retirement Security for All. The paper provides updated information regarding the progress of Secure Choice Plans (SCP) including: 1) the history of the Secure Choice approach; 2) information related to…