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‘Pension spiking’ is not protected by California law, top court rules
Headline: ‘Pension spiking’ is not protected by California law, top court rules
Publication: UT San Diego
Article Date: July 30, 2020
This ruling gives counties the right to prevent “abuse of the pension system,” but stops short of ending a half-century of precedent. “It’s probably great news for pension lawyers.” Read More…
Here’s Where Local Pensions Funds Stand After Losing Billions to the Pandemic
Headline: Here’s Where Local Pensions Funds Stand After Losing Billions to the Pandemic
Publication: Voice of San Diego
Article Date: July 23, 2020
What the coronavirus or the stock market will do in the coming year is anyone’s guess, but recent history has shown 2020 – for all of its problems – could have been worse. Read More…
Coronavirus Likely To Widen Gender Gap in Retirement
Headline: Coronavirus Likely To Widen Gender Gap in Retirement
Publication: Forbes
Article Date: July 11, 2020
Prompted by the coronavirus pandemic, many families around the world have recently been forced to re-examine their financial situations. Read More…
Americans were already struggling to save for retirement. The pandemic is making it worse.
If it was hard for Americans to save enough for retirement before the pandemic — and it was — it’s only getting harder. Read More…
In uncertain times, the mission of California’s pension funds is vital
The course of the COVID-19 pandemic and its long-term effect on the economy is unknown. Financial markets are unpredictable. In times like these, the mission of CalPERS is more vital than ever. It must provide for its 2 million workers and retirees the certainty of a secure retirement income. Read More…