Back view of two older people walking down the street with risk indicator graphics on either side

The release of the Federal Reserve’s 2022 Survey of Consumer Finances offers an opportunity to reassess Americans’ retirement preparedness as measured by the National Retirement Risk Index (NRRI).  The NRRI estimates the share of American households that are at risk of being unable to maintain their pre-retirement standard of living in retirement…

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Enthusiasm seems to be growing to reopen – or at least to stop closing and freezing – defined benefit retirement plans.  The impetus comes from a more benign regulatory environment and the improved funded status of these plans, even before the recent rise in interest rates.  Reopening plans allows employers to use surplus assets…

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Social Security helps Black individuals and those with low educational attainment – and therefore low earnings – through its progressive benefit structure.  On the other hand, the nature of Old-Age and Survivors Insurance (OASI) as a life annuity inherently increases expected lifetime benefits for individuals who tend to live longer.  Regardless of how these factors…

This paper explores whether exposure to tight labor markets at working ages is linked to improved financial wellbeing at older ages especially for groups traditionally disadvantaged in the labor market, including people with low income, those without college degrees, and people of color.  We also examine what role the timing of exposure to tight labor…

The headlines from the 2023 Medicare Trustees Re­port were that the Hospital Insurance (HI) program faces a long-term deficit and will deplete its trust fund reserves in 2031 and that the rest of the Medicare program will require increasing amounts of general revenues. While true, the outlook for program costs is considerably more favorable than…

Senior Woman holding a dry flower

The growth in the over-100 population is gob-smacking. In 30 years, Pew reports that the number of U.S. centenarians will...

ERISA acroynm spelled out on a cardboard paper

How important was the 1974 legislation compared to other factors? This year is the 50th anniversary of the Employee Retirement...

CRR IN THE NEWS

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Eight states have automatically enrolled hundreds of thousands of workers in retirement savings accounts, all but compelling them to deduct money from their paychecks to spend in their golden years.

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THE ATLANTIC

IBM’s new pension program may not change the game for workers. But it raises big questions about what companies owe their employees, and how existing retirement structures could better serve them.