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The number of Americans working in their 70s is skyrocketing
Headline: The number of Americans working in their 70s is skyrocketing
Publication: Quartz at Work
Article Date: Jun 3, 2019
“In addition to people being healthier and living much longer, economists say that a combination of financial considerations such as years of stagnant real wages and a shift away from traditional pensions in the private sector are some of the reasons people are working longer.” Read article…
9 ways California’s new retirement plan changes the retirement savings landscape
Headline: 9 ways California’s new retirement plan changes the retirement savings landscape
Publication: MarketWatch
Article Date: Aug 18, 2019
“On July 1, private sector employers in California gained access to an innovative new program that enables them to facilitate retirement savings for their employees. In a state where half of all private sector workers do not have a retirement savings account or participate in a pension, CalSavers stands to make a significant difference in the lives of everyday workers.” Read article…
New Case Studies: Downfalls of Closing Pension Plans
Headline: NIRS Releases Series of Case Studies on Downfalls of Closing Pension Plans
Publication: National Public Pension Coalition
Article Date: Aug 7, 2019
“The National Institute on Retirement Security released a new series of case studies entitled, ‘Enduring Challenges: Examining the Experiences of States that Closed Pension Plans.’ The studies examine four states, Alaska, Kentucky, Michigan, and West Virginia, that have all closed their pension plans and moved newly hired public employees into defined contribution, hybrid, or cash balance retirement systems. NIRS’ findings confirm that closing pension plans and moving new employees to alternative retirement plans worsens funding of pension plans, provides a less secure retirement for public employees, and hurts recruitment and retention efforts.” Read article…
Our calculator will guess how many healthy years of life you have left
Headline: Our calculator will guess how many healthy years of life you have left
Publication: The Conversation
Article Date: Oct 16, 2017
“As the old saying goes, the only things certain in life are death and taxes. While death is inevitable, the quality of life you experience until death is often within an individual’s control.
“This is what our team at the Goldenson Center for Actuarial Research chose to focus on by developing a rigorous measure of quality of life. How many healthy years of life do you have ahead before you become unhealthy?” Read article…
CalPERS faces ‘very serious risk’ in $1.2 billion long-term care case, judge warns
Headline: CalPERS faces ‘very serious risk’ in $1.2 billion long-term care case, judge warns
Publication: Sacramento Bee
Article Date: Aug 14, 2019
“A judge is urging CalPERS to settle a major lawsuit over price increases for its long-term care insurance policies, suggesting the system could have to pay a lot of money if the lawsuit goes to a jury trial in October.” Read article…