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Pension Reform Waits for California Supreme Court
Headline: Pension Reform Waits for California Supreme Court
Publication: California Globe
Article Date: November 27, 2019
Several cases are before the California Supreme Court that will seek to change the way pensions are handled. Critics and supporters alike are unsure of what the future holds for California’s pension system. Read Article…
Gavin Newsom wants to use pension and road funds to fight climate change. How will that work?
Headline: Gavin Newsom wants to use pension and road funds to fight climate change. How will that work?
Publication: The Sacramento Bee
Article Date: November 29, 2019
“Newsom’s order directs the state’s Transportation Agency, pension funds and the department that manages government contracts to reconsider how they spend the public’s money with an eye toward investing in projects that could help Californians prepare for climate change.” Read Article…
Pension Lump Sum or Annuity? How to Decide
Headline: Pension Lump Sum or Annuity? How to Decide
Publication: Nerd Wallet
Article Date: June 19, 2019
“The answer to the question, “Should I take a lump sum or an annuity from my pension?” might be: Yes. Sometimes it’s best to take the lump sum and use it to buy your own annuity, which is a stream of monthly payments that typically lasts for your life and often the life of your spouse. Other times, you would be fine accepting the annuity your employer provides. Investing the lump sum on your own often is the riskiest option and may not be a good fit for many retirees.” Read Article…
The Decade in Retirement: Wealthy Americans Moved Further Ahead
Headline: The Decade in Retirement: Wealthy Americans Moved Further Ahead
Publication: NY Times
Article Date: December 14, 2019
Prospects for most Americans’ retirement security haven’t improved. For affluent households, however, the odds of a successful retirement have gotten much better. Read Article…
Senate approves spending package with SECURE Act attached
Headline: Senate approves spending package with SECURE Act attached
Publication: Pensions & Investments
Article Date: December 19, 2019
The first major retirement security package in more than a decade is on the cusp of being signed into law. The Senate Thursday voted 71-23 in favor of an eight-bill spending package, to which the Setting Every Community up for Retirement Enhancement Act of 2019, referred to as the SECURE Act, was attached. Read Article…