26 01, 2018

Public Pensions Are Delivering on Promises to Retirees, Annual NCPERS Study Shows

2018-01-26T16:47:13-07:00January 26th, 2018|Categories: Defined Benefit Plans|Tags: , |

Public retirement systems produced solid returns, kept a lid on expenses, and adopted more conservative investment assumptions during 2017, according to a wide-ranging annual study by the National Conference on Public Employee Retirement Systems. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180124005871/en/ […]

26 07, 2017

Private-sector retirement programs moving ahead, NCPERS says

2017-07-26T16:56:24-07:00July 26th, 2017|Categories: Retirement|Tags: , |

State efforts to set up private-sector retirement savings programs are making progress, a white paper to be released Tuesday by the National Conference on Public Employee Retirement Systems said. Officials at NCPERS began discussing state “secure choice” programs in September 2011. One year later, California became the first state to pass legislation that established a secure choice board and feasibility study, the groundwork for a program now in development for a 2019 launch. […]

2 06, 2017

NCPERS Study Highlights Economic Costs of Doing Away with DB Plans

2017-06-02T20:08:29-07:00June 2nd, 2017|Categories: Defined Benefit Plans|Tags: |

Weighing in on the rising trend towards doing away with defined benefit pension plans, a study by the National Conference on Public Employee Retirement Systems (NCPERS) highlights the costs to the economy that will result by 2025 from the disappearance of these plans. According to Michael Kahn, director of research, NCPERS, “A great deal of criticism of public pensions is based on a faulty understanding of how long-term liabilities are funded. Opponents of public pensions tend to whip up [...]

18 05, 2015

Shift to 401(k) Plans Increasing Income Inequality

2015-05-18T17:08:15-07:00May 18th, 2015|Categories: Retirement|Tags: , , , |

More companies have shifted away from defined-benefit plans in the past few decades, as they struggle with mounting pension obligations. Now, a new report argues that the large-scale move by companies toward defined-contribution 401(k) plans is widening the gap between rich and poor in the United States. […]

13 05, 2015

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. […]

2 04, 2015

Pension Reform and Societal Cost

2015-04-02T23:24:42-07:00April 2nd, 2015|Categories: Pension Reform|Tags: , , |

The following is a letter by Hank Kim (NCPERS): Andrew Biggs misses the point in “Pension Reform Doesn’t Mean Higher Taxes” (op-ed, March 26). His arguments for switching public employees from traditional defined-benefit pension plans to 401(k) and other defined-contribution plans may be embraced by state and local governments that regularly don’t make required contributions to their pension plans and are now looking for a way out of the financial hole they’ve dug for themselves. It’s bad enough that he dismisses [...]