RESDC Scholarship Fund

In 2012 RESDC will award five $2,000 scholarships to graduating high school seniors who are immediate family members of a RESDC member. An
immediate family member is defined as children and grandchildren; step children and step grandchildren are included.

All eligible high school seniors are encouraged to apply. Applications may be obtained here or by email at resdc@resdc.net.  The deadline is Friday, March 9, 2012. We are not able to accept applications postmarked after that date. 

Many many thanks to Mrs. Joan Liddell for her generous contributions to the 2012 Scholarship Program. Mrs. Liddell has continued her support for the Scholarship Program that was initiated by her husband, George Liddell. Her support and loyalty to the RESDC Scholarship Program is much appreciated.
Contributions by any RESDC member, no matter how small, would also be appreciated.

IMPACT OF HEALTH CARE REFORMS ON RETIREES

SDCERA's Board has received an update from their Health Insurance Consultant, Aon Hewitt  on the retiree health care marketplace, and approved SDCERA's 2012 medical and dental plans.  Hewitt's report is available online and includes discussion of the anticipated impacts for the years ahead.

PENSION RIGHTS REFORM

A legal analysis prepared by CalPERS says pension promises made to current and retired CalPERS members are a “vested right and protected under state and federal laws. “The assumption by authors of pension reform proposals that amending the state constitution will avoid a constitutional challenge to altering vested retirement benefits is misplaced,” said Peter Mixon, CalPERS’ general counsel. “Without consideration of state and federal rules, well-intentioned proposals may only lead to increased litigation and administrative costs that will further increase the costs of providing benefits.” READ MORE

CA Voters Pension Views Changing

Voters have changed their views in recent years about the pension benefits of government workers.  A new Field survey of voters shows a change by some, which are highly partisan.  Receiving the strongest support is establishing an upper limit or salary cap when calculating pension benefits of public employees (73%), and requiring government workers to pay more each month for their pension and health care benefits (69%).  Slightly fewer voters (60%) favor increasing the minimum retirement age at which public employees can receive pension benefits. The proposal to replace the current pension system for public employees with a new system that would combine 401k-style benefits with reduced guaranteed payments is also favored by a 56% to 35% majority.  READ MORE

Social Security Myths & Misinformation

As misinformation and mistrust spread during this election year it is important to explore and understand how retirement benefits work in our nation.  AARP has written recently about several Social Security myths that endanger that  system's public support.  Read about it in a special bulletin.