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Webcast Event |
On May 31, learn about NEW retirement income services available to plan sponsors leveraging academic research and interactive technology to help retirees make their savings last two to seven years longer. The service combines education with personalized reports to engage participants before they retire.Read more > |
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Benefits & Administration |
Cutting Public Pension Benefits Would Hurt the Economy |
In its latest installment of ongoing research on the impact of public pensions on the U.S. economy, the National Conference on Public Employee Retirement Systems (NCPERS) set out to quantify the risk that reducing or even dismantling public pension benefits will ultimately backfire. In its study, “Unintended Consequences: How Scaling Back Public Pensions Puts Government Revenues at Risk,” NCPERS found the economy grows by $1,088 for each $1,000 of pension fund assets. While the figure sounds small on the surface, the size of pension fund assets—$3.7 trillion in 2016—means that the impact of this growth is greatly magnified. The impact of investment of assets plus spending of pension checks by retirees in 2016 yielded a $1.3 trillion contribution to the economy and $277.6 billion to state and local revenues, according to the research.Read more > |
Americans Would Like Retirement Security Laws Passed |
American workers rank retirement security as the top issue they want congressional candidates to talk about more on the campaign trail this year, according to a survey by Prudential Financial. Seventy-eight percent support Congressional legislation that would permit small businesses to join together to make it easier to offer retirement benefits to employees.Read more > |