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Ventura County employees face cutbacks to retirement checks after court decision
Headline: Ventura County employees face cutbacks to retirement checks after court decision
Publication: VC Star
Article Date: 10/16/2020
Pension board members are pursuing a court ruling to determine whether they must reduce the retirement payouts for thousands of [Ventura] county employees to comply with a California Supreme Court decision made in July. Read More…
Accessing Long-Term Care Coverage Through Medicaid: The Safety Net For Seniors Facing Unmanageable Costs
Headline: Accessing Long-Term Care Coverage Through Medicaid: The Safety Net For Seniors Facing Unmanageable Costs
Publication: NIRS
Article Date: 10/01/2020
With healthcare and long-term care costs rising at much higher rates than wages or salaries, it is becoming more difficult for Americans to afford the costs of long- term care. Read More…
California cities can’t swap pensions for 401(k) plans if they’re in CalPERS under new law
Headline: California cities can’t swap pensions for 401(k) plans if they’re in CalPERS under new law
PublicationL The Sacramento Bee
Article Date: 09/29/2020
Gov. Gavin Newsom this week signed legislation preventing cities and counties from excluding groups of employees from CalPERS pensions when they offer them for other groups. Read More…
State Supreme Court passes on Marin pension case
Headline: State Supreme Court passes on Marin pension case
Publication: Marin Independent Journal
Article Date: 9/27/2020
The California Supreme Court has dealt a blow to fiscal hawks who hoped a Marin County lawsuit would set a new precedent allowing governments to renegotiate pension agreements with employees. Read More…
2020 Public Plan Investment Update and COVID-19 Market Volatility
Headline: 2020 Public Plan Investment Update and COVID-19 Market Volatility
Publication: Center For Retirement Research at Boston College
Article Date: 09/01/2020
The Center For Retirement Research at Boston College has put out a brief. One of its key findings is that despite the market rebound, most public pension plans ended FY 2020 with investment returns that fell short of actuarial expectations. Read More…