Welcome Collinsville Fire Pension Fund to IPPFA.

The brief’s key findings are:

• Mortality rates, which determine life expectancy, are a key factor in cost projections for the Social Security program.
• Mortality rates consistently improve over time, but the pace of progress varies by year, by age, and by socioeconomic status.
• Over the past 40 years, progress has been driven by medical advances, better access to health care, and a decline in smoking, partly offset by rising obesity.
• Looking to the future, mortality improvements will continue to depend on the same drivers, but the net effects could play out differently.
• The key debate is whether the future will mirror the past, with average rates of improvement of about 1 percent, or whether the pace of progress will slow.

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Welcome Centreville Police Pension Fund to IPPFA.

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The brief’s key findings are:

• The cost of raising children could make it harder for parents to save for retirement.
• On the other hand, if parents offset child-rearing expenses by spending less on themselves, they could still end up well prepared in retirement.
• The analysis uses the National Retirement Risk Index to look at what impact children actually have on retirement preparedness.
• The results show that children reduce household wealth and moderately increase the likelihood of retirement risk for older working households.

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It took less than 24 hours after a government-paid consultant offered radical recommendations to fix Kentucky’s ailing pension systems for a shadowy group called Save Our Pensions to launch its first online video ad.

The ad, like the recommendations, was drab and drastic, threatening millions in cuts to education and health care if the legislature does not solve the pension crisis, presumably by slashing pension benefits for public workers and retirees.

“Save our pensions,” the ad concluded. “Save education and health care. Urge your representative and senator to support pension reform.”

It’s the “our” in Save Our Pensions that some government workers and retirees take issue with.

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Bailey Childers is executive director of the National Public Pension Coalition. In this Quick 5 interview, she talks about the retirement crisis in the U.S.

1. Bailey, the National Public Pension Coalition recently released a report titled Why Pensions Matter. What did the report examine and what were some of the findings?
The report looks at the long history of public pensions in the United States from their origins in the late 19th century up through the present day. Public pensions have provided a reliable source of retirement security for teachers, firefighters, and other public employees for more than a century. Unfortunately, the shift to 401(k) retirement plans in the private sector over the past 30 years has been detrimental to most working families. It is becoming increasingly clear that 401(k)s have failed to meet the retirement income needs of most working people. This, coupled with nearly half of working Americans receiving no retirement plan through work has left us with a retirement security crisis in America.

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Danielle DiMartino Booth to be a Keynote Speaker at the 2017 IPPFA MidAmerican Pension Conference.

Danielle DiMartino Booth is a global thought leader on monetary policy and economics. She is the author of FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017). FED UP, which rose to #22 on Amazon’s Best Seller List, is currently in its fifth production run.

DiMartino Booth founded Money Strong LLC in 2015. Through her economic consultancy, she has published a weekly newsletter for 132 consecutive weeks. Aside from her vast direct distribution network, more than 100,000 readers enjoy her newsletter on a weekly basis via Linked In, Seeking Alpha, Nasdaq, Talk Markets and dozens of other websites.

DiMartino Booth is also a full-time columnist for Bloomberg View, a business speaker, and a commentator frequently featured on CNBC, Bloomberg, Bloomberg Radio, Fox News, Fox Business News and other major media outlets. DiMartino Booth recently accepted a position as Senior Economic Advisor for Commerce Street Capital.

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Public pensions are beneficial to taxpayers in a variety of ways that are both under-reported and poorly understood by many observers. In the quest for simple answers to complex questions about public pensions, facile observers routinely overlook salient facts. For example, taxpayers get public services from dedicated nurses, firefighters, teachers, and police officers and pay only 20 cents on the dollar for their retirement benefits. The rest of the money comes from investment earnings and employee contributions. Taxpayers benefit from $3.7 trillion of pension fund assets invested in our economy, providing capital for established businesses and start-ups. Additionally, taxpayers benefit because retirees typically spend their pension checks locally, creating new jobs. Above all, tax revenues created through retiree spending and pension investments may exceed what taxpayers pay into public pensions.

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This page provides tax information for current and former military personnel who served in the United States armed forces, uniform services, and under limited circumstances, support organizations.

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