Educational Information

Message to SCERS Participants: Your SCERS Benefits Remain Secure

 With everything that has been happening in the financial markets, and the economy generally, over the last several months, it is understandable if SCERS participants might be concerned about the impact of these events on SCERS and your SCERS retirement benefits. Accordingly, I will go right to the bottom line: SCERS remains financially strong and your SCERS benefits are secure.
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The Proper Way to Calculate Pension Liabilities

Understanding the Valuation of Public Pension Liabilities: Expected Cost versus Market Price
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$1.2 Trillion Economic Impact, 7.1 Million Jobs from Pension Spending

A new report finds that economic gains attributable to defined benefit (DB) pensions in the U.S. are substantial.
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Case Studies Find Increased Costs When States Switch From Pensions

A series of new case studies finds that states that shifted retirement plans from defined benefit pension plans to defined contribution 401(k)-type individual accounts experienced higher costs.
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Pensions Can Provide Retirement Income at Half the Cost of Individual Accounts

A new study calculates that the economic efficiencies in pensions enable these plans to deliver the same retirement income at a 48% lower cost than 401(k)-type DC accounts.
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USA Today Covers NEW NIRS Study

"Retirement readiness is grim across much of the country, an analysis released today shows," reports USA Today.  The article reports that "nearly every state comes up short in key areas that gauge retirement readiness: anticipated retirement income, major retirement costs, such as housing and health care, and labor market conditions for older workers."
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NIRS Discusses Retirement Proposals

It was a busy week in Washington on retirement. Diane Oakley discusses new proposals from President Obama and Senator Harkin on C-SPAN's Washington Journal.
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CSPAN: Can Americans Retire?

Is retirement out of reach?  Diane Oakley discusses the retirement savings shortfall on CSPAN's Washington Journal.  NIRS research finds retirement savings are dangerously low, and the U.S. retirement savings deficit is between $6.8 and $14.0 trillion.
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Retirement Account Have-Nots

The Wall Street Journal's MarketWatch covers the NIRS Report, The Retirement Savings Gap: Is It Worse Than We Think?, suggesting that the silver lining of defined benefit pensions protecting baby boomers, should be a benefit all Americans have access to.
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Americans Face Retirement Unprepared

"If you have saved enough to afford a comfortable retirement, congratulations. You’re in a tiny minority," reports the St. Louis Post-Dispatch in an article about new NIRS retirement savings gap research.
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The Retirement Crisis Is Worse Than We Think

Plansponsor covers the NIRS webinar releasing our report "The Retirement Savings Gap: Is It Worse Than We Think" presenting research on working households not holding enough assets to retire.
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Retirement Savings $14T Below Threshold

CBS MoneyWatch reports on the NIRS findings from "The Retirement Savings Crisis: Is It Worse Than We Think?" which analyzed the state of Americans' retirement savings and compared them to benchmarks gauging progress toward maintaining retirement living standards.
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USA Today's To Dos for Retirement

NIRS Executive Director Diane Oakley weighs in on the retirement savings shortfall facing Americans in this USA Today article, citing NIRS' study The Retirement Savings Gap: Is It Worse Than We Think?
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Rowboats for Retirement

Persistent unemployment and stagnant wages have left many workers treading water, struggling so hard to both stay afloat and save for retirement. The New York Times' Economix blog covers the new NIRS research on the retirement savings gap.
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Senator Tom Harkin Releases Statement on New Report Detailing Severity of Retirement Crisis

Senator Tom Harkin (D-IA), Chairman of the Senate Health, Education, Labor, and Pensions (HELP) Committee releases a statement about the NIRS report The Retirement Savings Crisis: Is It Worse Than We Think? emphasizing the concerns Americans have about retiring with adequate income and his USA Retirement Fund proposal.
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Americans' Retirement Savings Falling Short

The Twin Cities' Pioneer Press highlights the retirement savings gap facing working Americans households and NIRS' release of the The Retirement Savings Crisis: Is It Worse Thank We Think?
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Millions Of Near-Retirees Have No Savings

The official AARP Blog writes about new NIRS report on the retirement savings gap, pulling in supporting evidence from AARP experts to show the staggering gap in what Americans need to have saved for retirement and what they have in reality.

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Retirement Plans Need Refocus

"The traditional ways of getting people to save haven’t worked," says Forbes in an article covering the savings crisis facing American families and the release of the NIRS report The Retirement Savings Crisis: Is It Worse Than We Think?.

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The Retirement Savings Gap: Time to Panic?

Bank Investment Consultant  reports on the new NIRS research, stating that when left unaddressed, the gap in retirement savings could lead to a diminished quality of life for many older Americans and create severe pressure on social services and the social safety net.

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No Pensions Mean More Hardships

The Salt Lake Tribune covered the release of NIRS' The Pension Factor 2012 report, citing the benefits of defined benefit pensions in keeping elder households out of poverty after Utah politicians led a charge to reform Utah's public employee pension system, ultimately shifting new state employees from DB pensions to capped DC plans in 2011.

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California Elders Benefit from Pensions

Pension reform in California threatens millions of elders who could be facing poverty without their pension checks, reports The California Majority Report. NIRS executive director Diane Oakley was quote; "There is a steep price to pay when older Americans can no longer be self-sufficient in retirement - either as increased public assistance costs to taxpayers or backsliding to a time with elder Americans living in poverty."
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Poverty Rates Rising for Older Americans Without DB Plans

Rates of poverty among older Americans without defined benefit pensions were nine times greater in 2010 than for those with the pension plans, up from six times greater in 2006, reports Pension & Investments, covering the release of The Pension Factor 2012.

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DB Income Reduces Poverty Risk in Older Americans

PLANSPONSOR reported that older households with lifetime pension income were far less likely to experience food, shelter and health care hardship, and are less reliant on public assistance, citing NIRS' The Pension Factor 2012 report, released on July 26, 2012.

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Pensions Cut Elder Poverty Dramatically

In a time when both public and private-sector jobs are increasingly insecure and defined benefit (DB) pension plans are becoming increasingly scarce, AdvisorOne reports that the concept of DB pensions is a major factor in keeping older Americans out of poverty. Meanwhile, public sector employees are less confident that they will be able to retire or afford health care in retirement.

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America's Retirement Crisis

Bankrate.com reporter reflects on her retirement realizations after listening to NIRS executive director at a National Press Foundation event. She draws on NIRS' public opinion research to show American's true thoughts about their retirement readiness.
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Five Things to Consider Before Cutting Pension Benefits

Reuters' columnist interviews NIRS executive director Diane Oakley on the most important things to consider before cutting defined benefit pension payments to public employees.
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Myth Busting Pension Reform

StateImpact, a reporting project of NPR, looked at a bill in New Hamshire seeking to replace the DB pension plan with a DC plan. StateImpact collected sources, including A Better Bang for the Buck report, to provide lawmakers and the public with reliable facts on pensions.

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Wall Street Journal: Where to Retire

When picking a place to retire, an important criteria is the percentage of people collecting pensions. The Wall Street Journal reports that states with many pensioners have greater financial stability.
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Pensionomics 2012: Measuring the Economic Impact of DB Pension Expenditures

Top1000Funds.com covers the release of Pensionomics 2012, focusing on the roll that investments and returns have on pension funds. NIRS data shows a majority of contributions to DB pension funds come from investment earning.

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Decisions, Decisions: Retirement Plan Choices for Public Employees and Employers

A new research analysis finds that defined benefit (DB) pension plans are strongly preferred over 401(k)-type defined contribution (DC) individual accounts.
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Lessons from Well-Funded Public Pensions: An Analysis of Plans that Weathered the Financial Storm

A new study identifies common elements of public sector defined benefit pension plans that remained well-funded despite two severe economic downturns.
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Pensions and Retirement Security 2011: A Roadmap for Policymakers

Public opinion research finds an overwhelming majority of Americans believe the nation’s retirement infrastructure is crumbling and stock market volatility makes it impossible to predict retirement savings.
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Who Killed the Private Sector DB Plan?

In recent decades, defined benefit pension coverage has declined for private sector workers. This issue brief finds that funding volatility is the primary culprit, not pension costs. It also identifies opportunities to reverse the trend.
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Out of Balance: Comparing Public and Private Sector Compensation Over 20 Years

Employees of state and local government earn an average of 11% and 12% less, respectively, than comparable private sector employees.
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SACRS Economic Impact Report

The Economic Impacts on California and Counties of SACRS Members’ Benefit Payments - 2007

Economic Data by County

 
 

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Contact Us

Sacramento County Employees' Retirement System
980 9th Street, Suite 1900, Sacramento, CA 95814
Telephone: (916) 874-9119
Facsimile: (916) 874-6060
Email: SacRetire@saccounty.net
Mail Code 10-204