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The National Institute on Retirement Security (NIRS) is out to correct what it says are “misleading assertions” that DB pensions aren’t valuable tools in retaining classroom talent.
“Diane Oakley, executive director of NIRS, says that there are “misleading assertions that DB pensions don’t offer incentives to retain teachers or that DB pensions force teachers to retire at early ages or they are not good for teachers,” reports Paula Aven Gladych for Employee Benefits News.
An NIRS report, Win-Win: Pensions Efficiently Serve American Schools and Teachers, shows the value of DB to retaining teachers.
DB plans help boards recruit and retain classroom talent, Oakley is reported saying. The promise of a pension is an integral part of that strategy. The public also “overwhelmingly supports DB pensions for teachers and acknowledges their retention effects,” she is quoted saying.
More: Pensions create “meaningful incentives” for employees to remain on the job.

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 – sitemanager@ariapensions

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