Month: January 2021

NIRS Report Says U.S. Gets Overwhelming Economic Benefit from Pension Payments
By David Brandolph Payments from traditional pension plans generated a staggering $1.3 trillion in U.S. economic output in 2018, according to a report recently released by the National Institute on Retirement Security (NIRS). The NIRS report, Pensionomics 2021: Measuring the Economic Impact of Defined Benefit Pension Expenditures, showed that, in 2018, some $578.7 billion in pension benefits […]

Musicians Paul Livant and Andy Snitzer Contribute “Service Award” to Pension Rights Center
Andy Snitzer and Paul Livant, the named plaintiffs in a class action lawsuit against the trustees of the American Federation of Musicians and Employers Pension Fund (AFM-EPF), received a service award of $10,000 each when that case settled. Rather than keep their awards, which compensated them for their time and the risks they took on, […]

RRF Foundation for Aging’s president urges action to address plight of older adults
By Karen Friedman While Americans of all ages are cheering the prospect of vaccinations, the pandemic has already “put older people’s economic well-being at risk,” Mary O’Donnell, president of the RRF Foundation for Aging, said in an important and timely op-ed recently published in Crain’s Chicago Business. When the pandemic landed ashore earlier this year, many people […]