Pension program changes hurt economy, NCPERS report warns

2015-05-13T16:15:53-07:00May 13th, 2015|Categories: Pension Reform|Tags: , , |

Some pension program changes, such as the shift to defined contribution plans from defined benefit plans, might be widening the income gap and dampening economic growth, said a new report from the National Conference on Public Employee Retirement Systems. There are conversations about income and equality, but few touch on the treatment of pensioners and how that contributes to income inequality, said Hank Kim, Washington-based, executive director and counsel at NCPERS and co-author of the report. […]