A large majority of Kentuckians, 86 per cent, believe that all workers deserve to have a pension plan that delivers retirement security, says The Lane Report.
Additional, new polling from the National Institute on Retirement Security (NIRS) shows that 92 per cent of Kentuckians agree that pensions are.effective in recruiting and retaining teachers and other public employees. The state numbers are consistent with national polling done earlier in the year.
Kentucky legislators have received a report recommending changes to the state’s pension plans, including moving from a defined benefit model to a defined contribution scheme. The polling, says The Lane Report, comes at a time of anxiety among Americans about their retirement prospects.
“We hope these findings are helpful to Kentucky policymakers who are looking at ways to shore up economic security in retirement for their constituents. Retirement insecurity is a major worry for all Americans across party lines, and perhaps even more so in Kentucky given its economic and job challenges,” Diane Oakley, NIRS executive director, is quoted saying.
More: Lack of pensions making it difficult to achieve the American Dream.

ARIA provides a forum for an informed discussion on retirement income adequacy, and other related issues, including pension and retirement coverage, and defined benefit pension plans – ARIA pensions blog, 12 Dunlop Street, Barrie, ON, L4N 1V6 –

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