Defending public pensions

I’ve written a lot about how public pensions came to be blamed for the fiscal crisis looming (or already “crippling”) many cities and states. The National Public Pension Project has been working since 2007 to change the narrative about the value of public pension plans, and has an interesting website and blog.

NPPC believes every American should be able to retire in dignity. We also know that there is no one more interested in strengthening the public pensions system than the public employees who are counting on pensions to retire. After all, public pensions are the only source of retirement for 30% of public employees since they do not receive Social Security. Pension plans also play a vital role in decreasing poverty among older Americans, according to the National Institute for Retirement Security.

Across the country, public employees – who have faithfully contributed their life savings into the pensions systems — are at the mercy of public officials unfairly targeting their financial security for political gain. The NPPC is working to preserve the financial security of all workers for generations to come.

Follow their blog or check them out on twitter: