If Your Employer Provides a Retirement Plan, You're in the Minority

 

A recent article in Forbes, Workplace Retirement Coverage Drops And The System Continues To Fail, by Teresa Ghilarducci, provides some sobering statistics about retirement preparedness for Americans. It is no surprise Americans who have access to a retirement plan at work will be better prepared for retirement than those without a plan. However, according to Ghilarducci, only 40% of workers in the U.S. are covered by a retirement offered by their employer. This is a 4% decrease since 2014 and this number has declined in 14 of the 17 years since 2000.

Tagged Retirement, Retire, Public service, Retirement plans, Value of pensions, three legged stool, secure retirement, congress

GAO: Congress Should Examine U.S. Retirement System

A recent report published by the U.S. Government Accountability Office (GAO) concludes that retirement security for Americans is on shaky ground and recommends Congress do something about it.

Tagged congress, Retirement Security, pensions, 401(k), Savings

Is My LAGERS Benefit Secure?

You’ve probably been hearing chatter in the media about the recent Congressional Spending Bill, which includes provisions that may allow certain multiemployer pension benefits to be cut.  Many of the articles in the news are unclear about which plans are affected by this particular bill and have raised further questions from our members about the security of their LAGERS benefit.

Tagged congress, General Assembly, Legislation, Members, Retirees, Secure, Security

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