7 03, 2024

Closing The Gender Pension Gap: Challenges And Solutions For Women In Public Service

2024-03-12T08:42:54-07:00March 7th, 2024|Categories: Retirement|Tags: , |

By Maria French Source: National Public Pension Coalition Women’s History Month presents an opportunity to honor and recognize the invaluable contributions of women throughout our nation’s history. However, it also serves as a time to reflect on areas where advancements in gender equality are still needed. Today, we delve into a critical aspect of women’s financial well-being: ensuring a secure retirement through pensions. Enduring Challenges Women in the workplace face distinct challenges in securing their retirement. Research from the [...]

1 03, 2024

Many workers believe pensions are key to achieving the American Dream. But getting those plans back isn’t easy

2024-03-12T08:45:34-07:00March 1st, 2024|Categories: Economy|Tags: |

By Lorie Konish Source: CNBC Many Americans long for the days when companies guaranteed workers income in retirement. That includes Sara Schambers, a fourth-generation Ford auto worker and member of the United Auto Workers union, who saw her grandparents retire with financial security. But after obtaining a permanent position in 2012, the same benefits have not been available to her. “Without a pension and post-retirement health care, you have people leaving this company after 30 years’ service with nothing [...]

3 10, 2023

Millennials Surpass Older Workers with Retirement Savings

2023-10-06T15:46:57-07:00October 3rd, 2023|Categories: Retirement|Tags: , |

By Amanda Umpierrez Source: 401K Specialist Despite facing financial retirement planning hurdles, Millennials are coming out on top with their retirement savings. That’s the latest finding from Vanguard’s newest Retirement Readiness report, released today, which finds Millennials workers are set to replace 58% of their prior earnings during retirement, and eight percentage points over what was estimated for Baby Boomers. Using its new forecasting tool, the Vanguard Retirement Readiness Model (VRMM), Vanguard divides its cohorts into three generations: early [...]

18 09, 2023

Public DB pensions key to supporting women, BIPOC workers in retirement

2023-09-20T16:51:28-07:00September 18th, 2023|Categories: Retirement|Tags: , , |

Source: Benefits Canada Public defined benefit pension plans can play a critical role in delivering adequate retirement income for U.S. retirees, while providing a key buffer against economic hardship for women, the Black, Indigenous and people of colour communities and workers without a college degree, according to a new report by the National Institute on Retirement Security and the UC Berkeley Labor Center. The report, which analyzed pension data collected by the U.S. Census Bureau between 2019 and 2021, [...]

10 10, 2022

How employers can help shrink Canada’s gender pension gap

2022-10-10T16:22:49-07:00October 10th, 2022|Categories: Retirement|Tags: , , |

By Sadie Janes Source: Benefits Canada Canada’s gender pension gap is growing as Canadian women received an average of 18 per cent less retirement income than men in 2020, according to a report by Ontario’s pay equity office. It found the gap is more pronounced among women in visible minority groups (37 per cent), among sources of private retirement income (28 per cent) and is three per cent higher than the 15 per cent gap observed in 1976, the earliest [...]

16 08, 2022

Workers Worry About Retirement Income as Prices Spike

2022-08-16T08:55:58-07:00August 16th, 2022|Categories: Retirement|Tags: , |

By Noah Zuss Source: Plan Sponsor Market volatility and rising prices are driving two-thirds of workers surveyed to feel more anxiety about their retirement income, the Nationwide Retirement Institute Social Security Consumer Survey shows. The concerns have led to a 10 percentage-point spike in anxiety among those surveyed from 2021, the survey found. Highlighting workers’ worries about retirement income, individuals are also anxious about Social Security, Nationwide found. Across generations, 70% of workers worry that Social Security will run [...]

Go to Top