National Conference on Public Employee Retirement Systems

The Voice for Public Pensions

Secure Choice Pension

Retirement in the United States is in crisis.  Many of us can feel the American Dream slipping away. Our ability as a nation to sustain our economy at a time when a record number of workers are entering their retirement years should be an important part of our national debate. Retirement security for all should be a national priority. To accomplish that, we need to propose and develop new and innovative solutions. 

First, the facts:
  • Until the 1980s pensions were common and workers knew that with Social Security, their own savings including 401(k)s, and a pension, they could retire with dignity.
  • Today, there’s somewhere betwee a $4-8 trillion retirement savings deficit.
  • Over the next 10 to 15 years, the bulk of the 75 million baby boomers will be of retirement age – giving the U.S. the largest over-65 population in its history.
  • For the last 100 years public pensions have proven to be the most cost-effective vehicles for both taxpayers and pensioners to ensure a safe retirement. When properly funded by legislatures and employee contributions, these pensions are a model of how retirement policy can work at the national level.
Why does this matter? We believe retirement security for ALL Americans lies in a partnership between the public and private sectors. What works for some should work for all.
 

NCPERS Secure Choice Papers

NCPERS Secure Choice Activities