Retirement Security

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California Workers' Rights: A Manual of Job Rights, Protections and Remedies

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Nari Rhee

Is it time to retire traditional teacher pension plans?

As teachers across the country mobilize for education funding and fair pay, pensions are high on their list of priorities. What they know from experience, and research confirms, is that pensions are a win-win for teachers and schools, delivering superior retirement security and retaining teachers for decades. Conversely, abandoning pensions in favor of 401(k) or cash balance plans would come at great cost to teacher livelihoods and erode education quality.

Nari Rhee

Half of California Private Sector Workers Have No Retirement Assets

In this data brief, we highlight the lack of retirement assets among private sector employees and working-age families in California based on the Census Bureau’s Current Population Survey and 2014 Survey on Income and Program Participation. It turns out that California private sector workers are not merely behind on saving for retirement; half do not own retirement assets and most are currently not saving for retirement at all.

UC Berkeley Labor Center

RELEASE: Troubled Future: Half of California Private Sector Employees Have No Retirement Assets

Over half of California private sector employees age 25-64 aren’t enrolled in a retirement savings plan or pension, according to a new data brief by Nari Rhee, director of the Retirement Security Program at UC Berkeley Labor Center. The brief provides a first-ever look at retirement assets—and the lack thereof—among private sector employees and working-age families in the state.

UC Berkeley Labor Center

RELEASE: Traditional pensions provide greater benefit than 401(k)s for U.S. teachers

A new study from University of California, Berkeley and the National Institute on Retirement Security shows that for the vast majority of teachers, existing pension benefits provides a higher, more secure retirement income compared to a cost-equivalent 401(k)­-style plan. What’s more, pensions keep teachers in classrooms.