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State and Local Employees Views Their Jobs, Pay and Benefits
Headline: State and Local Employees Views Their Jobs, Pay and Benefits
Publication: National Institute on Retirement Security
Article Date: November, 2019
“At a time when state and local governments are struggling to attract and retain employees to deliver vital taxpayer services, a new national poll finds that retirement and healthcare benefits are critically important job features, more so than salary.” Read Article…
Take Politics Out Of Public Pensions
Headline: Take Politics Out Of Public Pensions
Publication: Forbes
Article Date: November 4th, 2019
“Ahead of the Great Recession of 2008-2009, housing prices were increasing by about 5% every year between 1998 and 2006. Yet major publications and almost all pundits missed the signs of impending disaster.” Read Article…
Public pension funding does not crowd out education
Headline: Public pension funding does not crowd out education – study
Publication: Pensions & Investments
Article Date: October 28th, 2019
Public pension funding does not crowd out education spending, according to a forthcoming study by National Conference on Public Employee Retirement Systems that identifies frequent tax changes as a bigger problem. Read Article…
Wealth gap among retired Americans worsens despite a growing economy
Headline: Wealth gap among retired Americans worsens despite a growing economy
Publication: Reuters
Article Date: Oct 31, 2019
The current record-high level of income inequality in the United States affects all segments of society, but two new reports shed light on how the trend is impacting older Americans. The disturbing finding of both studies: inequality has reached shocking levels among today’s older adults – and the gap will be much wider for young people when they reach retirement age. Read Article…
California’s universities offer much better retirement plans than its K-12 districts
Headline: Analysis: California’s universities offer much better retirement plans than its K-12 districts. Why we need to offer our teachers more mobility, flexibility and fairness
Publication: LA School Reports
Article Date: Oct 28, 2019
“Why do states give employees at public colleges and universities better retirement plans than they give their employees in K-12 schools? The root of this disconnect started a century ago, when Andrew Carnegie created the Teachers Insurance and Annuity Association of America to provide guaranteed retirement income and life insurance, mainly to college professors who were at risk of changing employers without much in the way of retirement savings.” Read article…