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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…
Lawsuit targeting Sonoma County pension hikes seeks hearing from California Supreme Court
Headline: Lawsuit targeting Sonoma County pension hikes seeks hearing from California Supreme Court
Publication: pressdemocrat.com
Article Date: February 8, 2020
A retired Santa Rosa attorney is pressing the California Supreme Court to take up his lawsuit seeking to invalidate the enhanced pension benefits granted to Sonoma County government employees in the early 2000s. Read Article…