US - The newly formed National Institute on Retirement Security (NIRS) has announced the appointment of Beth Almeida, to act as its first executive director. She will take up this position in early November.
NIRS was founded earlier this year as a research partnership between the US’s largest public sector pensions bodies to conduct pure research and undertake education in the effects of defined benefit (DB) pension schemes in the US.
Almeida said: “There is a need to examine pensions and their retirement security role, as well as the impacts on the financial markets, the economy and the recruitment and retention of public sector workers.”
The bodies that make up NIRS – the Council of Institutional Investors (CII), the National Association of State Retirement Administrators (NASRA) and the National Council on Teacher Retirement (NCTR) – represent pension funds with combined assets of US$7tn.
A NIRS spokesperson told Global Pensions the organisation was not a lobby-group, but rather would investigate the social and economic effects that this level of investment exerted. She said, until now, there had been a lack of quantifiable research on this subject.
Almeida was previously assistant director for strategic resources and senior economist at the International Association of Machinists (IAM) and Aerospace Workers, where she was pivotal in transitioning 40,000 airline workers into the IAW DB scheme.
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