Fire News Now: Special Report - February 4, 2022

In January of 2022, the National Public Pension Coalition released a comprehensive report chronicling the failure of the 401(k) defined-contribution plan as a retirement vehicle. While never meant to be a sole means of retirement, many private sector entities have gone away from the more stable defined-benefit pension plan. This report focuses on states and municipalities that have eliminated pensions and are now having to adjust to the fact that the move simply didn't work.

Read the full NPPC Report here: https://protectpensions.org/2022/01/18/nppc-releases-report-pitfalls-converting-public-employees-401k-plans/

What is NEP Presents: Fire News Now?

The latest news from the fire service brought to you every Monday and Thursday.