The Myth That Public Workers Don’t Care About Pensions

By Hank Kim Source: Governing.com Although some may argue that pensions are no longer a relevant tool for recruiting and retaining public workers, the historical data and broader research show otherwise. However, with financial literacy being a significant challenge in the United States, it is critical that employers provide the necessary education around these benefits to maximize their potential in the battle to attract and keep talent. As pensions have become less common in the private sector, they have [...]

2024-07-11T13:01:14-07:00May 13th, 2024|Categories: Defined Benefit Plans|Tags: |

Pensions beat flexible working for top spot in employee benefits ranking

By Sophie Smith Source: Pensions Age Pensions have topped the list of employee benefits HR teams say people value the most, having regained the position two years after flexible working took the top spot in Punter Southall Aspire’s annual survey, although concerns around the advice gap remain. The research, which was carried out with the Chartered Institute of Personnel and Development (CIPD), found that 900 out of 1,700 HR professionals ranked pensions as the most valued employee benefit amongst [...]

2023-01-18T14:16:32-08:00January 18th, 2023|Categories: Defined Benefit Plans|Tags: , |

The truckers’ triumph: The incredible story of how a scrappy group of blue-collar retirees rescued their pensions

By Elanor Laise Source: MarketWatch After a long, loud battle, the victory has come quietly. Over the past few months, deposits have started appearing in the accounts of former truckers, iron workers and other retirees across the country–restoring pension benefits that these people had earned after decades working some of America’s most back-breaking jobs, only to have them ripped away in their retirement years. The restored benefits started flowing earlier this year to retired union workers from New Jersey [...]

2022-10-06T09:47:14-07:00October 6th, 2022|Categories: Retirement|Tags: , |

Plan Sponsors Are Exploring Renewed Pensions

By Noah Zuss Source: Plan Sponsor In an employer’s battle to attract and retain the best employees, enhanced workplace benefits and robust retirement plans are ammunition. According to Jonathan Price, senior vice president and national retirement practice leader at Segal, employers that recognize the myriad financial challenges workers face—from everyday financial wellness habits to short-term budgeting and long-term retirement planning—are enhancing retirement and workplace benefits to recruit and retain workers, and help current employees feel more financially secure. “What [...]

2022-08-08T15:21:50-07:00August 8th, 2022|Categories: Economy|Tags: , |

Protecting Pensions and ESG Risks

By Tim Hennessey Source: IFEBP As the global impact of climate change grows, environmental, social and governance (ESG) factors have become a core consideration for pension funds. ESG issues and concerns can no longer be relegated to debates among pension fiduciaries about values investing or investment returns and instead require a holistic approach, author Janis Sarra noted in her article “Protecting Pensions Through Effective Governance of Climate and ESG Risks” in the July/August issue of Plans & Trusts. Sarra, [...]

2022-08-04T16:25:39-07:00August 4th, 2022|Categories: ESG|Tags: , |

77 Percent of Americans Support Pensions for All Workers

A new national survey finds that 77 percent of Americans agree that all workers, not just those working for state and local government, should have a pension. And even though the nation is deeply divided on many other issues, support for pensions is consistent across party lines. Eighty percent of Democrats, 75 percent of Republicans and 78 percent of Independents agree that all workers should have access to a pension. These findings are contained in a new issue brief [...]

2021-03-24T10:08:20-07:00March 24th, 2021|Categories: Retirement|Tags: |

Protecting pensions after coronavirus

Unions and pension schemes are being supportive of employers struggling with the pandemic. When the recovery starts that support should be repaid. Across the whole economy, employers are under unprecedented strain as they deal with lockdown and economic contraction. Companies with defined benefit pension schemes could face particular short-term pressures, as turmoil in financial markets may increase deficits – the gap between the assets a scheme has and the pensions it must pay – at exactly the time they are [...]

2020-05-06T14:49:06-07:00May 6th, 2020|Categories: Pension Funding|Tags: , |
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