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Two key leaders abruptly depart county pension system
Headline: Two key leaders abruptly depart county pension system
Publication: UT San Diego
Article Date: April 6, 2020
CEO Wescoe leaves for private sector; resignation of Trustee Vortmann was not explained. Read Article…
Recent stock market losses may spike local pension costs, but not immediately
Headline: Recent stock market losses may spike local pension costs, but not immediately
Publication: UT San Diego
Article Date: April 6, 2020
Most pension systems are facing less severe losses than they suffered in the stock market crash of 2008 and 2009, because they have lowered long-term performance projections and revamped their portfolios to be less risky. Read Article…
More Companies Look to Cut 401k Plans
Headline: More Companies Look to Cut 401k Plans
Publication: 401k Specialist
Article Date: April 2, 2020
This is why we need pensions. Your well-earned retirement security can never be put at risk. Read Article…
Examining the Nest Egg: The Sources of Retirement Income for Older Americans
Headline: Examining the Nest Egg: The Sources of Retirement Income for Older Americans
Publication: National Institute on Retirement Security
Article Date: January 15, 2020
A new report finds that a large portion (40 percent) of older Americans rely only on Social Security income in retirement while only a small percentage of older Americans (seven percent) receive income from Social Security, a defined benefit pension, and a defined contribution account. Read Article…
Ex-CHP chief who helped son flee to Mexico after rape charge wants his pension restored
Headline: Ex-CHP chief who helped son flee to Mexico after rape charge wants his pension restored
Publication: The Sacramento Bee
Article Date: February 11, 2020
“A former California Highway Patrol assistant chief who helped his son flee to Mexico after a rape accusation is again asking the CalPERS board to let him keep his full pension despite his role in the crime.” Read Article…