"[Economist Andrew] Biggs takes on the National Institute on Retirement Security (NIRS) and the pension administrators who belong to it. He labels as 'nonsense' the NIRS 'Pensionomics' research that shows how each dollar of pension benefits produces $2.37 in economic output, creating millions of new jobs and billions in additional labor income. According to Biggs, the NIRS research is 'faulty' ... NIRS executive director, Diane Oakley, argues that 'What doesn't make sense is the nation's broken retirement infrastructure.' ... [To] the extent that opponents of DB plans [for teachers in public schools] are reaching out for new reasons to support their 'conversion' arguments could suggest that perhaps some of their older ones are not gaining much traction? One can only hope."

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